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         T R O U B L E D   C O M P A N Y   R E P O R T E R

              Friday, December 16, 2022, Vol. 26, No. 349

                            Headlines

ACADEMIA DE DESARROLLO: Unsecureds to Split $5K in 5 Years
AMNEAL PHARMACEUTICALS: XAI OFRAITT Marks 2025 Loan at 17% Off
ASTRA ACQUISITION: XAI OFRAITT Marks 2028 Loan at 16% Off
ASURION LLC: XAI OFRAITT Marks $1.3M Loan at 16% Off
ASURION LLC: XAI OFRAITT Marks $482,800 Loan at 15% Off

AT HOMEGROUP: XAI OFRAITT Marks $420,700 Loan at 23% Off
AVAYA HOLDINGS: XAI OFRAITT Marks $260,800 Loan at 38% Off
AVAYA INC: XAI OFRAITT Marks $850,000 Loan at 47% Off
AYTU BIOPHARMA: Grant Thornton Replaces Plante & Moran as Auditor
BOY SCOUTS: Supporters Ask Court to Uphold Chapter 11 Plan

BVI HOLDINGS: S&P Affirms CCC+ Issuer Credit Rating, Outlook Neg.
CASA SYSTEMS: XAI OFRAITT Marks $899,500 Loan at 19% Off
CASTLE US HOLDING: XAI OFRAITT Marks $1.05-Mil. Loan at 20% Off
CELSIUS NETWORK: Judge Pauses GK8 Sale to Glaaxy Digital
CHUN CAN CAPITAL: Boyle CPA Resigns as Auditor

CLOVIS ONCOLOGY: Files Chapter 11 to Facilitate Sales Process
COLLINS & AIKMAN: 9th Cir. Says Insurers Can Intervene DTSC Suit
CONAIR HOLDINGS: XAI OFRAITT Marks 2028 Loan at 16% Off
CONSTELLIS HOLDING: XAI OFRAITT Marks 2024 Loan at 18% Off
CORNERSTONE BUILDING: XAI OFRAITT Says 2028 Loan Value Down 18%

CORNERSTONE ONDEMAND: XAI OFRAITT Marks 2028 Loan at 16% Off
COUNTER CORTE: Case Summary & 11 Unsecured Creditors
CPC ACQUISITION: XAI OFRAITT Says Value of $132,300 Loan Off 22%
DELCATH SYSTEMS: Closes Private Placement of $6.2 Million
DIGITAL MEDIA: S&P Downgrades ICR to 'CCC+', Outlook Negative

DIOCESE OF ROCKVILLE: Gets Court OK to Join Boy Scouts Settlement
ELEVATE TEXTILES: XAI OFRAITT Marks $1.13M Loan at 23% Off
ENDURANCE INTL: XAI OFRAITT Marks $843,400 Loan at 16% Off
ENVISION HEALTHCARE: XAI OFRAITT Marks $816,400 Loan at 57% Off
EVERNEST HOLDINGS: Files Emergency Bid to Use Cash Collateral

FAIRMONT ORTHOPEDIC: Amends Unsecureds & Profinium Secured Claims
FAST RADIUS: Bankruptcy Court Approves Assets Sale to SyBridge
FEDNAT HOLDING: Files Voluntary Chapter 11 Bankruptcy Petition
FENDER MUSICAL: XAI OFRAITT Marks 2028 Loan at 15% Off
FLOSS BAR: Case Summary & Six Unsecured Creditors

FOUR SHIRE COURT: Seeks Chapter 11 Bankruptcy Protection
FOX SUBACUTE: Wins Cash Collateral Access Thru March 2023
FREE SPEECH: Trustee Taps M3 Advisory Partners as Financial Advisor
GREELEY LAND: Case Summary & 20 Largest Unsecured Creditors
GROM SOCIAL: Closes $5 Million Public Offering

GRUBB & ELLIS: McNair & Roehrenbeck Summary Judgment Bid Granted
HEIRBNB LLC: Case Summary & Seven Unsecured Creditors
HEXION HOLDINGS: XAI OFRAITT Marks 2029 Loan at 15% Off
HUNTER DOUGLAS: XAI OFRAITT Marks $2.25M Loan at 18% Off
IFRESH INC: Board Elects Wenbin Mu as Co-CEO

IMPERVA INC: XAI OFRAITT Marks $403,300 Loan at 16% Off
INKSTER, MI: S&P Lowers Long-Term GO Debt Rating to 'BB'
INTRADO CORP: XAI OFRAITT Marks $208,500 Loan at 15% Off
IRON MOUNTAIN: S&P Affirms 'BB-' ICR, Outlook Stable
IVS COMM: Court OKs Access to $73,355 of Cash Collateral

IXS HOLDINGS: XAI OFRAITT Says Value of $1.6-Mil. Loan Down 19%
JO-ANN STORES: XAI OFRAITT Marks $1.1-Mil. Loan at 35% Off
JOYCARE THERAPY: Unsecureds to Split $50K in Subchapter V Plan
K&L EXCAVATING: Voluntary Chapter 11 Case Summary
LHS BORROWER: XAI OFRAITT Says Value of $913,400 Loan Off 19%

LIGHTBOX ENTERPRISES: Gets CCAA Initial Stay Order; E&Y as Monitor
MACON DOOR: Creditors to Get Proceeds From Liquidation
MALLINCKRODT PLC: Trust Can't be Used to Pay Atty. Fees
MAROVITCH CONCESSIONS: Unsecureds to Split $10K in Plan
MED BAR: Case Summary & 20 Largest Unsecured Creditors

MEDLY HEALTH: $8MM DIP Loan Wins Interim OK
MLN US: XAI OFRAITT Marks $136,900 Loan at 39% Off
MUSCLEPHARM CORP: Case Summary & Three Unsecured Creditors
MYMD DIRECT: Unsecureds to Recover 44% or 21% in Subchapter V Plan
NANI WALE: Voluntary Chapter 11 Case Summary

NATURE COAST: Case Summary & 10 Unsecured Creditors
NEW CATHEDRAL OF GHWT: Case Summary & One Unsecured Creditor
ONESKY FLIGHT: Fitch Affirms 'B' LongTerm IDR& Withdraws Ratings
ORION TRUST 2022-1: S&P Assigns BB (sf) Rating on Class E Notes
PARK RIVER: XAI OFRAITT Says Value of $95,100 Loan Down 16%

PATTERN ENERGY: Fitch Affirms LongTerm IDR at 'BB-', Outlook Stable
PECOS INN: Amends Tax Creditor Claims Pay Details
PG&E CORP: FVT Sells 60 Million Add'l Shares to Raise $908 Million
POLAR US: XAI OFRAITT Marks $860,800 Loan at 19% Off
PULSE FITNESS: Unsecureds to Get $2K per Quarter for 3 Years

QUANERGY SYSTEMS: Files Chapter 11 to Facilitate Sale of Business
RADIOLOGY PARTNERS: XAI OFRAITT Marks 2025 Loan at 16% Off
RAMSDELL LAW: Case Summary & 10 Unsecured Creditors
RC HOME SHOWCASE: Case Summary & 16 Unsecured Creditors
REVERSE MORTGAGE: Lays Off 44 Employees at Gold River Office

RISING TIDE: XAI OFRAITT Marks $250,400 Loan at 15% Off
SALEM CONSUMER: Court Adopts Suggestions to Remand/Abstention
SHUTTERFLY LLC: XAI OFRAITT Marks $671,400 Loan at 38% Off
SKILLSOFT FINANCE: XAI OFRAITT Marks 2028 Loan at 15% Off
SOUTH AMERICAN: Case Summary & 20 Largest Unsecured Creditors

SOUTHGATE TOWN: Court OKs Cash Collateral Access Thru Dec 21
SUPERIOR REAL ESTATE: Case Summary & 20 Largest Unsecured Creditors
TALEN ENERGY: Court Confirms Chapter 11 Reorganization Plan
TEXAS MADE: Taps David Wescott of All Star Arenas as Consultant
TRADITION BREWING: Gets OK to Hire Tavenner & Beran as Counsel

TREES CORP: Closes Acquisition of Green Tree Entities
VASCULAR ACCESS: McGuckin and VAC LLC Reconsideration Bid Denied
VITAL PHARMACEUTICALS: Committee Gets OK to Hire Investment Banker
VMR CONTRACTORS: Court OKs Cash Collateral Access Thru Dec 19
WEBER-STEPHEN: XAI OFRAITT Marks $136,900 Loan at 20% Off

WEBER-STEPHEN: XAI OFRAITT Marks $495,300 Loan at 19% Off
WEIRD VENDING: Amends Unsecureds & Several Secured Claims Pay
XP TRANSPORT: Files Emergency Bid to Use Cash Collateral
[*] Ervin Cohen's Albert Valencia Named Top Real Estate Lawyer
[*] O'Melveny Adds 11 to 2023 Partner Class

[^] BOOK REVIEW: PANIC ON WALL STREET

                            *********

ACADEMIA DE DESARROLLO: Unsecureds to Split $5K in 5 Years
----------------------------------------------------------
Academia de Desarrollo Integral Cristiano Inc., filed with the U.S.
Bankruptcy Court for the District of Puerto Rico a Plan of
Reorganization for Small Business dated December 8, 2022.

The Debtor is a corporation that was chartered on November 4, 2005.
Debtor's principal asset is a parcel of land with improvements in
which Debtor operates a school and provides education services to
students.

The property is encumbered with a mortgage lien in favor of First
Bank of Puerto Rico. The sole stockholder of the Debtor is Mrs.
Maria I. Romero Nieves who has over 29 years of experience in the
education service in Puerto Rico and is in charge of supervising
and implementing all business strategies for the operation of the
business.

This Plan of Reorganization proposes to pay creditors of the Debtor
from the cash flow generated through the normal operation of
Debtor's business and with the private funds collected by various
of members of the Debtor's President's family.

Non-priority unsecured creditors holding allowed claims will
receive distributions in the aggregate amount of $5,000 during the
total five years of the life of the plan which are to be paid pro
rata among all allowed claimants under this Class through monthly
instalments. This Plan also provides for the payment of
administrative and priority claims.  

Class 1 shall consist of that secured portion of Claim No. 1 filed
by First Bank Puerto Rico in the total amount of $292,907. On the
effective date, Debtor proffers for First Bank to retain its lien
unaltered and for its claim to be repaid in the secured amount of
$255,000.00, through monthly installments in the amount of
$2,221.32, calculated at a fixed annual interest rate of 6.5%
through an amortization of 15 years. The monthly payments shall be
made in the first 5 days of every given month, after the effective
date. In addition, the Debtor will maintain the property properly
insured and pay all real property taxes related with the property.
Any amount of Firstbank's claim over the secured portion detailed
herein, will be considered a general unsecured claim sharing
distribution within Class 2.

Class 2 shall consist of all General Unsecured creditors. On the
effective date of the plan allowed and for five additional years
claimants shall receive from the Debtor a sum payment from the
ongoing operation in the aggregate amount of $5,000 during the
total five years of the life of the plan which are to be paid pro
rata among all allowed claimants under this Class through monthly
instalments.

Class 3 shall consist of the interest held by Mrs. María I. Romero
Nieves as the sole equity security interest holder. The equity
holders will continue to manage and administer the reorganization
endeavors of the Debtor. The Security Holder will retain their
interest on the reorganized entity. The Security Holder will
receive no other distribution through the Plan.

The Debtor will have sufficient funds to pay the plan and continue
with the operations of its business.

As a starting point in terms of funding, Debtor's officer Maria
Romero has ensured through personal resources, to have available
around $120,000.00 for the funding of this proceeding since the
voluntary petition and for the plan while reorganizations
strategies are implemented. This source of funding will be in a
form of unsecured loan which repayment would be subject to the
completion of the plan payments.

This funding will provide for the payment of professionals related
to the bankruptcy proceeding, the payment of a specialized
consultant in the education industry and, the repayment of
Firstbank's secured loan for a period of at least 3 years or until
Debtor's operations themselves provide for such payment, while
Debtor moves to reorganize, implements all strategies, and focuses
all efforts on increasing the income of Debtor's business.

A full-text copy of the Plan of Reorganization dated December 8,
2022, is available at https://bit.ly/3uXH6i0 from PacerMonitor.com
at no charge.

Attorney for the Plan Proponent:

     Alexis A. Betancourt Vincenty, Esq.
     Lugo Mender Group, LLC
     100 Carr. 165, Suite 501
     Guaynabo, PR 00968-8052
     Telephone: (787) 707-0404
     Facsimile: (787) 707-0412
     Email: a_betancourt@lugomender.com

          About Academia de Desarrollo Integral Cristiano

Academia de Desarrollo Integral Cristiano Inc. filed its voluntary
petition for relief under Chapter 11 of the Bankruptcy Code (Bankr.
D.P.R. Case No. 22-02689) on Sept. 9, 2022, with up to $1 million
in both assets and liabilities.  Alexis A. Betancourt Vincenty,
Esq., at Lugo Mender Group, LLC serves as the Debtor's counsel.


AMNEAL PHARMACEUTICALS: XAI OFRAITT Marks 2025 Loan at 17% Off
--------------------------------------------------------------
XAI Octagon Floating Rate & Alternative Income Term Trust has
marked its $972,817 Initial term loan extended to Amneal
Pharmaceuticals LLC, to market at $805,814, or 83% of the
outstanding amount, as of September 30, 2022, according to a
disclosure contained in XAI OFRAITT's Form N-CSR for the fiscal
year ended September 30, filed with the Securities and Exchange
Commission on December 1.

XAI OFRAITT extended a Senior Secured First Lien Loan to  Amneal
Pharmaceuticals LLC. The loan currently has an interest rate of
6.90% and is scheduled to mature on May 4, 2025.

XAI OFRAITT is a diversified, closed-end management investment
company. The Trust seeks attractive total return with an emphasis
on income generation across multiple stages of the credit cycle.

Amneal Pharmaceuticals LLC manufactures and supplies generic
pharmaceuticals. The Company offers prescription pharmaceutical
products in various forms including hormonal, potency formulations,
soft gelatin capsules, tablets, liquids, and oral solids.



ASTRA ACQUISITION: XAI OFRAITT Marks 2028 Loan at 16% Off
---------------------------------------------------------
XAI Octagon Floating Rate & Alternative Income Term Trust has
marked its $653,456 loan extended to Astra Acquisition Corp to
market at $552,170, or 84.5% of the outstanding amount, as of
September 30, 2022, according to a disclosure contained in XAI
OFRAITT's Form N-CSR for the fiscal year ended September 30, filed
with the Securities and Exchange Commission on December 1.

XAI OFRAITT extended a Senior Secured First Lien Loan to Astra
Acquisition Corp. The loan currently has an interest rate of 8.37%
(1M US L + 5.25%) and is scheduled to mature on October 25, 2028.

XAI OFRAITT is a diversified, closed-end management investment
company. The Trust seeks attractive total return with an emphasis
on income generation across multiple stages of the credit cycle.

Astra Acquisition Corp. was formed by the purchase (from Leeds
Capital), announced January 16, 2020, of both Campus Management
Acquisition Corp. and Edcentric Holdings LLC by private equity firm
Veritas Capital.



ASURION LLC: XAI OFRAITT Marks $1.3M Loan at 16% Off
----------------------------------------------------
XAI Octagon Floating Rate & Alternative Income Term Trust has
marked its $1,311,512 New B-9 loan extended to Asurion LLC to
market at $1,103,638, or 84% of the outstanding amount, as of
September 30, 2022, according to a disclosure contained in XAI
OFRAITT's Form N-CSR for the fiscal year ended September 30, filed
with the Securities and Exchange Commission on December 1.

XAI OFRAITT extended a Senior Secured First Lien Loan to Asurion
LLC. The loan currently has an interest rate of 6.37% (1M US L +
3.25%) and is scheduled to mature on July 31, 2027.

XAI OFRAITT is a diversified, closed-end management investment
company. The Trust seeks attractive total return with an emphasis
on income generation across multiple stages of the credit cycle.

Asurion, LLC provides wireless handset insurance services. The
Company offers replacement of lost, stolen, damaged, and
malfunctioning devices, as well as roadside assistance programs,
technical support, mobile security devices, and electronics
protection.



ASURION LLC: XAI OFRAITT Marks $482,800 Loan at 15% Off
-------------------------------------------------------
XAI Octagon Floating Rate & Alternative Income Term Trust has
marked its $482,826 TLB 1L loan extended to Asurion LLC to market
at $410,199, or 85% of the outstanding amount, as of September 30,
2022, according to a disclosure contained in XAI OFRAITT's Form
N-CSR for the fiscal year ended September 30, filed with the
Securities and Exchange Commission on December 1.

XAI OFRAITT extended a Senior Secured First Lien Loan to Asurion
LLC. The loan currently has an interest rate of 7.13% (1M SOFR +
4.00%) and is scheduled to mature on August 19, 2028.

XAI OFRAITT is a diversified, closed-end management investment
company. The Trust seeks attractive total return with an emphasis
on income generation across multiple stages of the credit cycle.

Asurion, LLC provides wireless handset insurance services. The
Company offers replacement of lost, stolen, damaged, and
malfunctioning devices, as well as roadside assistance programs,
technical support, mobile security devices, and electronics
protection.



AT HOMEGROUP: XAI OFRAITT Marks $420,700 Loan at 23% Off
--------------------------------------------------------
XAI Octagon Floating Rate & Alternative Income Term Trust has
marked its $420,729 loan extended to At Home Group Inc to market at
$322,093, or 77% of the outstanding amount, as of September 30,
2022, according to a disclosure contained in XAI OFRAITT's Form
N-CSR for the fiscal year ended September 30, filed with the
Securities and Exchange Commission on December 1.

XAI OFRAITT extended a Senior Secured First Lien Loan to At Home
Group Inc. The loan currently has an interest rate of 6.28% and is
scheduled to mature on July 24, 2028.

XAI OFRAITT is a diversified, closed-end management investment
company. The Trust seeks attractive total return with an emphasis
on income generation across multiple stages of the credit cycle.

At Home Group Inc. owns and operates home decor stores. The Company
offers furniture, home furnishings, wall decor and decorative
accents, rugs, and housewares.



AVAYA HOLDINGS: XAI OFRAITT Marks $260,800 Loan at 38% Off
----------------------------------------------------------
XAI Octagon Floating Rate & Alternative Income Term Trust has
marked its $260,870 loan extended to Avaya Holdings Corp., Inc to
market at $162,717, or 62% of the outstanding amount, as of
September 30, 2022, according to a disclosure contained in XAI
OFRAITT's Form N-CSR for the fiscal year ended September 30, filed
with the Securities and Exchange Commission on December 1.

XAI OFRAITT extended a Senior Secured First Lien Loan to Avaya
Holdings Corp. The loan currently has an interest rate of 12.85%
(1M SOFR + 10.00%) and is scheduled to mature on December 15,
2027.

XAI OFRAITT is a diversified, closed-end management investment
company. The Trust seeks attractive total return with an emphasis
on income generation across multiple stages of the credit cycle.

Avaya Holdings Corp. operates as a holding company. The Company,
through its subsidiaries, Avaya, Inc. provides business
collaboration and communications software solutions. The Company
offers unified communications, contact centers, real-time video,
and collaboration services.



AVAYA INC: XAI OFRAITT Marks $850,000 Loan at 47% Off
-----------------------------------------------------
XAI Octagon Floating Rate & Alternative Income Term Trust has
marked its $850,084 Tranche B-2 loan extended to Avaya Inc., to
market at $449,482, or 53% of the outstanding amount, as of
September 30, 2022, according to a disclosure contained in XAI
OFRAITT’s Form N-CSR for the fiscal year ended September 30,
filed with the Securities and Exchange Commission on December 1.

XAI OFRAITT extended a Senior Secured First Lien Loan to Avaya Inc.
The loan currently has an interest rate of 6.82% (1M US L + 4.00%)
and is scheduled to mature on December 15,  2027.

XAI OFRAITT is a diversified, closed-end management investment
company. The Trust seeks attractive total return with an emphasis
on income generation across multiple stages of the credit cycle.

Headquartered in Basking Ridge, New Jersey, Avaya Inc. (NYSE: AV)
designs, builds and manages communications networks for more than
one million businesses worldwide, including more than 90% of the
FORTUNE 500(R).



AYTU BIOPHARMA: Grant Thornton Replaces Plante & Moran as Auditor
-----------------------------------------------------------------
The Audit Committee of the Board of Directors of Aytu BioPharma,
Inc. dismissed Plante & Moran PLLC as the Company's independent
registered public accounting firm on Dec. 12, 2022, as disclosed in
a Form 8-K filed with the Securities and Exchange Commission.

The Company said the reports of Plante Moran on the Company's
consolidated financial statements for the fiscal years ended June
30, 2022 and 2021 did not contain any adverse opinion or disclaimer
of opinion, and were not qualified or modified as to uncertainty,
audit scope or accounting principles, except for Plante Moran's
report on the financial statements for the year ended June 30, 2022
which contained an explanatory paragraph expressing substantial
doubt about the Company's ability to continue as a going concern.

According to the Company, during the fiscal years ended June 30,
2022 and 2021, and through the date of Plante Moran's dismissal,
there were (i) no "disagreements" (as that term is defined in Item
304(a)(1)(iv) of Regulation S-K and the related instructions)
between the Company and Plante Moran on any matter of accounting
principles or practices, financial statement disclosure, or
auditing scope or procedure, which, if not resolved to the
satisfaction of Plante Moran would have caused Plante Moran to make
reference to the subject matter of the disagreement in connection
with its reports on the Company's consolidated financial statements
for such years and (ii) no "reportable events" as that term is
defined in Item 304(a)(1)(v) of Regulation S-K, except for the
material weakness in the Company's internal control over financial
reporting previously reported in Part II, Item 9A "Controls and
Procedures" in the Company's Annual Report on Form 10-K for the
year ended June 30, 2021, as amended.

The Company concluded that it had a material weakness in its
internal control over financial reporting related to the analysis
for the accounting for the impairment of long-lived assets,
including goodwill and other intangible assets.  The Company
performs an assessment to determine if an impairment of long-lived
assets has occurred annually or when circumstances indicate an
impairment may have occurred.  This assessment was prepared by
internal staffing and reviewed by the Chief Financial Officer.  At
the June 30, 2021 fiscal year end, it was determined that the
Company improperly aggregated certain assets when performing this
assessment.  This resulted in an incorrect conclusion that no
impairment had occurred.  This deficiency did not result in a
revision of any of the Company's previously issued financial
statements.  However, if not addressed, the deficiency could have
resulted in a material misstatement in the future.  In response,
the Company incorporated utilization of third-party providers to
review its assumptions and computations in the Company's impairment
analysis for completeness and accuracy.  The Company believes that
its controls are now designed properly and operating effectively.

The material weakness was discussed with the Audit Committee.  The
Company has authorized Plante Moran to respond fully to inquiries
of Grant Thornton LLP, the Company's successor accountant as
described below, concerning the material weaknesses.

           New Independent Registered Public Accountants

On Dec. 12, 2022, the Audit Committee appointed Grant Thornton LLP
as the Company's independent registered public accounting firm for
the fiscal year ended June 30, 2023.

The Company stated that during the fiscal years ended June 30, 2021
and 2022 and the subsequent interim period through Dec. 12, 2022,
neither the Company nor anyone on its behalf has consulted with
Grant Thornton with respect to either (i) the application of
accounting principles to a specified transaction, either completed
or proposed, or the type of audit opinion that might be rendered on
the Company's consolidated financial statements, and neither a
written report nor oral advice was provided to the Company that
Grant Thornton concluded was an important factor considered by the
Company in reaching a decision as to any accounting, auditing or
financial reporting issue; or (ii) any matter that was either the
subject of a disagreement (as defined in Item 304(a)(1)(iv) of
Regulation S-K and the related instructions to Item 304 of
Regulation S-K) or a reportable event (as defined in Item
304(a)(1)(v) of Regulation S-K).

                        About Aytu BioPharma

Englewood, Colorado-based Aytu BioPharma, Inc., formerly known as
Aytu BioScience, Inc. -- http://www.aytubio.com-- is a
pharmaceutical company commercializing a portfolio of commercial
prescription therapeutics and consumer health products.  The
Company's prescription products include Adzenys XR-ODT
(amphetamine) extended-release orally disintegrating tablets and
Cotempla XR-ODT (methylphenidate) extended-release orally
disintegrating tablets for the treatment of attention deficit
hyperactivity disorder (ADHD), as well as Karbinal ER
(carbinoxamine maleate), an extended-release antihistamine
suspension indicated to treat numerous allergic conditions, and
Poly-Vi-Flor and Tri-Vi-Flor, two complementary fluoride-based
prescription vitamin product lines available in various
formulations for infants and children with fluoride deficiency.
Aytu's consumer health segment markets a range of over-the-counter
medicines, personal care products, and dietary supplements
addressing a range of common conditions including diabetes,
allergy, hair regrowth, and gastrointestinal conditions.

Aytu Biopharma reported a net loss of $110.17 million for the year
ended June 30, 2022, compared to a net loss of $58.29 million for
the year ended June 30, 2021.  As of Sept. 30, 2022, the Company
had $150 million in total assets, $96.09 million in total
liabilities, and $53.91 million in total stockholders' equity.

Denver, Colorado-based Plante & Moran, PLLC, the Company's auditor
since 2015, issued a "going concern" qualification in its report
dated Sept. 27, 2022, citing that the Company's operations have
historically consumed cash and are expected to continue to consume
cash, which raises substantial doubt about the Company's ability to
continue as a going concern.


BOY SCOUTS: Supporters Ask Court to Uphold Chapter 11 Plan
----------------------------------------------------------
Leslie A. Pappas of Law360 reports that the Boy Scouts of America's
Chapter 11 plan was proposed in good faith and is fair and
equitable to survivors of sexual abuse, its supporters said in
court filings Dec. 7, 2022, urging a Delaware federal court to
uphold a bankruptcy court's confirmation of the plan.

More than a dozen insurers have filed appeals challenging the Boy
Scouts of America's $2.46 billion sex abuse settlement, arguing
that bogus abuse claims helped rig the deal against them.

According to Reuters, the insurers, including Liberty Mutual, are
asking a Delaware federal judge on to reverse a bankruptcy court's
approval of the settlement, reiterating doubts about the number of
abuse claims and alleged collusion between the youth organization
and attorneys for abuse victims.

The settlement, approved in September by U.S. Bankruptcy Judge
Laurie Selber Silverstein, has the support of the Boy Scouts'
largest insurers and 86% of the abuse victims who voted in the
youth organization's bankruptcy case.  But it has been challenged
by appeals from minority factions of insurers and abuse victims.

Those insurers argued in a late Monday filing that "a significant
portion" of the 82,000 abuse claims resolved by the settlement "are
likely fraudulent." The number of sexual abuse claims filed against
the organization skyrocketed after the bankruptcy filing, and
little was done to vet claims, the insurers said, according to
Reuters.

                 About Boy Scouts of America

The Boy Scouts of America -- https://www.scouting.org/ -- is a
federally chartered non-profit corporation under title 36 of the
United States Code.  Founded in 1910 and chartered by an act of
Congress in 1916, the BSA's mission is to train youth in
responsible citizenship, character development, and self-reliance
through participation in a wide range of outdoor activities,
educational programs, and, at older age levels, career-oriented
programs in partnership with community organizations.  Its national
headquarters is located in Irving, Texas.

The Boy Scouts of America and affiliate Delaware BSA, LLC, sought
Chapter 11 protection (Bankr. D. Del. Lead Case No. 20-10343) on
Feb. 18, 2020, to deal with sexual abuse claims.

Boy Scouts of America was estimated to have $1 billion to $10
billion in assets and at least $500 million in liabilities as of
the bankruptcy filing.

The Debtors have tapped Sidley Austin LLP as their bankruptcy
counsel, Morris, Nichols, Arsht & Tunnell LLP as Delaware counsel,
and Alvarez & Marsal North America, LLC, as financial advisor.
Omni Agent Solutions is the claims agent.

The U.S. Trustee for Region 3 appointed a tort claimants' committee
and an unsecured creditors' committee on March 5, 2020.  The tort
claimants' committee is represented by Pachulski Stang Ziehl &
Jones, LLP, while the unsecured creditors' committee is represented
by Kramer Levin Naftalis & Frankel, LLP.


BVI HOLDINGS: S&P Affirms CCC+ Issuer Credit Rating, Outlook Neg.
-----------------------------------------------------------------
S&P Global Ratings affirmed 'CCC+' issuer credit rating on BVI
Holdings Mayfair Ltd. and 'CCC+' issue-level rating on its
first-lien debt.

The negative outlook reflects the risk that the current adverse
operating environment will extend into 2023 and could lead to
intensifying cash flow deficits and fast liquidity deterioration.

Current adverse operating environment will continue pressuring
margins and cash flows. S&P said, "While we believe the demand for
ophthalmic procedures remains solid, industrywide headwinds
including unfavorable foreign exchange rates, persistent inflation
(in energy, labor, and raw materials), labor shortages,
supply-chain disruptions, and rising interest rates have created an
adverse operating climate for the medical devices industry. BVI's
exposure to currency depreciation is significant because about 70%
of its sales are from outside the U.S., with a large portion coming
from the eurozone This results in negative 5% reported revenue
growth in the third quarter compared to the third quarter 2021
(although in constant currency, the company enjoyed positive 5%
growth). We believe the currency headwinds may extend into 2023,
pressuring the company's revenue. In addition, the company has
reported that recently implemented reimbursement changes in South
Korean market negatively impacted the procedure volumes and the
company's revenue in this country."

In addition, BVI's profitability remains weak, as reflected in S&P
Global Ratings-adjusted EBITDA margin of 9% in the third quarter
2022, compared to 15.6% in the first half 2022. S&P said, "We
believe the margin contraction stems from lower revenue and
inflationary pressures, despite a modest reduction in noncore
charges in the quarter. Although we expect noncore expenses to
continue subsiding for the next 12 months (i.e., costs associated
with EU medical devices regulation), we believe the inflationary
and other headwinds may persist into 2023, resulting in slower
margin improvement. As a result, we forecast the company's leverage
will remain elevated at about 13x-15x by the end of 2023, though
down from the 17x projected for 2022."

S&P said, "The company's cash flow generation in the third quarter
2022 was also weaker than we expected, reflecting investments in
inventory amid supply chain disruption, as well as larger than
expected increase in account receivables. We believe that absent a
significant improvement in the operating environment in the
industry, interest rates moderation and more aggressive cost
containment measures the company's free cash flow deficits will
continue into 2023 and potentially into 2024. We now expect the
company's free cash flow deficit of will likely exceed $40 million
in 2022 and $10 million in 2023 and continue to believe that it
requires more favorable operating conditions to sustain its capital
structure.

Liquidity improved after the refinancing, but absent favorable
change in operating conditions, it could deteriorate quickly. After
the second-lien debt issuance of about $85 million in July 2022,
BVI's liquidity position has improved. The company used the
proceeds from the issuance to fully pay down the revolver. However,
due to the ongoing high cash flow deficits, the company drew about
$9 million on the revolver by the end of the third quarter.

S&P said, "We forecast that the company's ability to generate
positive cash flows within the next two years is limited due to the
adverse operating environment, its high noncore charges and its
investment in Vitreq product development, which is an additional
burden until its commercial launch.

"While we believe the company's portfolio of differentiated tools
for ophthalmology procedures is well positioned in the market and
estimate the demand for its products remains healthy, we see a risk
that the company's cash flow deficits could intensify and lead to
further deterioration in the liquidity position in the coming
quarters."

The negative rating outlook on BVI reflects the risk that its
current operating headwinds will persist beyond 2022, resulting in
intensifying cash flow deficits and deteriorating liquidity
position.

S&P said, "We could lower our ratings on BVI if its operating
performance does not improve such that its S&P Global
Ratings-adjusted EBITDA margins remain near current levels, and its
working capital needs remain elevated, resulting in more pronounced
cash flow deficits. In this scenario, we believe the company's
liquidity position could quickly deteriorate, which would increase
the near-term likelihood of a default or distressed exchange.

"We could revise our rating outlook on BVI to stable if its annual
free cash flow increases to near breakeven on significant
improvement in operating conditions and decrease in its
nonrecurring expenses. For this to occur, we would expect the
company's S&P Global Ratings-adjusted EBITDA margins recover by
over 1,000 basis points, demonstrating its success in managing its
various operating headwinds."

ESG credit indicators: E-2, S-2, G-3

S&P said, "Governance is a moderately negative consideration. Our
assessment of the company's financial risk profile as highly
leveraged reflects corporate decision-making that prioritizes the
interests of the controlling owners, in line with our view of the
majority of rated entities owned by private-equity sponsors. Our
assessment also reflects the generally finite holding periods and a
focus on maximizing shareholder returns."



CASA SYSTEMS: XAI OFRAITT Marks $899,500 Loan at 19% Off
--------------------------------------------------------
XAI Octagon Floating Rate & Alternative Income Term Trust has
marked its $899,574 loan extended to Casa Systems, Inc to market at
$726,406, or 81% of the outstanding amount, as of September 30,
2022, according to a disclosure contained in XAI OFRAITT's Form
N-CSR for the fiscal year ended September 30, filed with the
Securities and Exchange Commission on December 1.

XAI OFRAITT extended a Senior Secured First Lien Loan to Casa
Systems, Inc.  The loan currently has an interest rate of 7.12% (1M
US L + 5.00%) and is scheduled to mature on December 20, 2023.

XAI OFRAITT is a diversified, closed-end management investment
company. The Trust seeks attractive total return with an emphasis
on income generation across multiple stages of the credit cycle.

Casa Systems, Inc. provides telecommunication equipment and
solutions. The Company offers cable, modem, optical, and Wi-Fi
networking products. Casa Systems also provides software-centric
infrastructure solutions that allow cable service providers to
deliver voice, video, and data services over a single platform.



CASTLE US HOLDING: XAI OFRAITT Marks $1.05-Mil. Loan at 20% Off
---------------------------------------------------------------
XAI Octagon Floating Rate & Alternative Income Term Trust has
marked its $1,051,404 Initial Dollar loan extended to Castle US
Holding Corp to market at $841,124, or 80% of the outstanding
amount, as of September 30, 2022, according to a disclosure
contained in XAI OFRAITT's Form N-CSR for the fiscal year ended
September 30, filed with the Securities and Exchange Commission on
December 1.

XAI OFRAITT extended a Senior Secured First Lien Loan to Castle US
Holding Corp. The loan currently has an interest rate of 6.87% (1M
US L + 3.75%) and is scheduled to mature on January 29, 2027.

XAI OFRAITT is a diversified, closed-end management investment
company. The Trust seeks attractive total return with an emphasis
on income generation across multiple stages of the credit cycle.

Castle US Holding, through its parent company (d/b/a Cision),
provides database tools and software to public relations and
communications professionals.



CELSIUS NETWORK: Judge Pauses GK8 Sale to Glaaxy Digital
--------------------------------------------------------
Bloomberg News reports that a US bankruptcy judge declined to
immediately approve Galaxy Digital's deal to buy a Celsius Network
subsidiary for $44 million, demanding more details about the
structure of the sale.

According to the report, Judge Martin Glenn said he was
"blindsided" by a provision in the sale documents that would
transfer potential legal claims from Celsius to Galaxy.  At a
hearing Thursday, he asked Celsius lawyers to provide additional
evidence about the value of the claims, which relate to
hypothetical clawbacks tied to GK8, the crypto custody subsidiary
being purchased.

Celsius bought GK8 a little more than one year ago for $115
million. Since then, crypto markets have crashed — the $44
million sale to Galaxy represents a more than 60% discount to the
initial purchase price.

Judge Glenn is likely to approve the sale after receiving sworn
statements and additional papers further explaining the transfer of
so-called avoidance actions, he said later in the hearing.  The
potential legal claims at issue are limited in scope and have
little if any value, a lawyer for Celsius creditors told Glenn.

"I don't see this as prolonging these issues for very long," Judge
Glenn said.

The sale calls for GK8 founders Lior Lamesh and Shahar Shamai,
along with about 40 existing employees, to continue working for the
company.  GK8 is a blockchain security company that allows users to
store crypto without the use of the internet, a lawyer for Celsius
said in the hearing.

The bankruptcy is Celsius Network LLC, 22-10964, US Bankruptcy
Court for the Southern District of New York (Manhattan).

                       About Celsius Network

Celsius Network LLC -- http://www.celsius.network/-- is a
financial services company that generates revenue through
cryptocurrency trading, lending, and borrowing, as well as by
engaging in proprietary trading.

Celsius helps over a million customers worldwide to find the path
towards financial independence through a compounding yield service
and instant low-cost loans accessible via a web and mobile app.
Celsius has a blockchain-based fee-free platform where membership
provides access to curated financial services that are not
available through traditional financial institutions.

The Celsius Wallet claims to be one of the only online crypto
wallets designed to allow members to use coins as collateral to get
a loan in dollars, and in the future, to lend their crypto to earn
interest on deposited coins (when they're lent out).

Crypto lenders such as Celsius boomed during the COVID-19 pandemic,
drawing depositors with high interest rates and easy access to
loans rarely offered by traditional banks. But the lenders'
business model came under scrutiny after a sharp sell-off in the
crypto market spurred by the collapse of major tokens terraUSD and
luna in May 2022.

New Jersey-based Celsius froze withdrawals in June 2022, citing
"extreme" market conditions, cutting off access to savings for
individual investors and sending tremors through the crypto
market.

The list of major crypto firms that have filed for bankruptcy
protection in 2022 now includes Celsius Network, Three Arrows
Capital and Voyager Digital.

Celsius Network, LLC and its subsidiaries sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case
No.22-10964) on July 14, 2022.  In the petition filed by CEO Alex
Mashinsky, the Debtors estimated assets and liabilities between $1
billion and $10 billion.

The Debtors tapped Kirkland & Ellis, LLP and Kirkland & Ellis
International, LLP as legal counsels; Centerview Partners, LLC as
investment banker; and Alvarez & Marsal North  America, LLC as
financial advisor.  Stretto, the claims agent and administrative
advisor, maintains the page https://cases.stretto.com/celsius

On July 27, 2022, the U.S. Trustee appointed an official committee
of unsecured creditors.  The committee tapped White & Case, LLP as
its bankruptcy counsel; Elementus Inc. as its blockchain forensics
advisor; M3 Advisory Partners, LP as its financial advisor; and
Perella Weinberg Partners, LP as its investment banker.

Shoba Pillay, Esq., is the examiner appointed in the Debtors'
Chapter 11 cases.  Jenner & Block, LLP, and Huron Consulting
Services, LLC, serve as the examiner's legal counsel and financial
advisor, respectively.


CHUN CAN CAPITAL: Boyle CPA Resigns as Auditor
----------------------------------------------
Boyle CPA, LLC resigned as Chun Can Capital Corp.'s independent
registered public accounting firm on Dec. 8, 2022.

The Company stated in a Form 8-K filed with the Securities and
Exchange Commission that during their engagement from Dec. 16, 2019
to Dec. 8, 2022, there have been no "disagreements" (as defined in
Item 304(a)(1)(iv) of Regulation S-K and related instructions) with
Boyle on any matter of accounting principles or practices,
financial statement disclosure or auditing scope or procedure,
which disagreements if not resolved to the satisfaction of Boyle
would have caused Boyle to make reference thereto in its report or
"reportable events" (as defined in Item 304(a)(1)(v) of Regulation
S-K), except for the material weaknesses described in Item 9A of
the Company's Annual Report on Form 10-K for the year ended Dec.
31, 2020.

                      About Chun Can Capital

Chun Can Capital Group (formerly CinTel Corp. and before that,
Link2 Technologies) was incorporated in the State of Nevada on Aug.
16, 1996.  The initial business focus was to develop a 3D animation
and digital effects studio that would provide high-end 3D animation
and digital effects to the music video industry.

The Company's principal business objective for the next 12 months
and beyond such time will be to achieve long-term growth potential
through a combination with a business rather than immediate,
short-term earnings.  The Company will not restrict its potential
candidate target companies to any specific business, industry or
geographical location and, thus, may acquire any type of business.

Bayville, NJ-based Boyle CPA, LLC, the Company's auditor since
2019, issued a "going concern" qualification in its report dated
April 21, 2021, citing that the Company has no operations, has
ongoing net losses, and an accumulated deficit.  These factors
raise substantial doubt about its ability to continue as a going
concern for one year from the issuance of these financial
statements.


CLOVIS ONCOLOGY: Files Chapter 11 to Facilitate Sales Process
-------------------------------------------------------------
Clovis Oncology, Inc., a biopharmaceutical company focused on
acquiring, developing, and commercializing innovative anti-cancer
agents in the U.S., Europe, and additional international markets,
on Dec. 12 disclosed that it and certain of its subsidiaries
(collectively, the "Debtors") have voluntarily initiated a Chapter
11 proceeding in the United States Bankruptcy Court for the
District of Delaware ("Bankruptcy Court") and will seek to sell
their assets through a court supervised sales process.

The Debtors have filed various "first day" motions with the
Bankruptcy Court requesting customary relief that will enable them
to transition into Chapter 11 without material disruption to their
ordinary course operations, including seeking authority to obtain
debtor-in-possession ("DIP") financing and pay employee wages and
benefits.

DIP Financing

In order to provide necessary funding during the Chapter 11
proceeding, Clovis has received a commitment of up to $75 million
in a multi-draw DIP financing facility. Upon approval by the
Bankruptcy Court, the DIP financing is expected to provide Clovis
with the necessary liquidity to operate in the normal course and
meet obligations to its employees, vendors and customers throughout
the Chapter 11 proceeding while executing on the sales process.

Sales Process

Prior to the Chapter 11 filing, and subject to Bankruptcy Court
approval, the Company entered into a "stalking horse" purchase and
assignment agreement with Novartis Innovative Therapies AG
("Novartis") to acquire substantially all of the rights of the
Company to its pipeline clinical candidate, FAP-2286, as a
therapeutic agent for an upfront payment of $50 million and up to
an additional $333.75 million upon the successful achievement of
specified development and regulatory milestones and $297 million in
later sales milestones. The transaction is part of a sale process
under Section 363 of the Bankruptcy Code that will be subject to
compliance with agreed upon and Bankruptcy Court-approved bidding
procedures allowing for the submission of higher or otherwise
better offers, and other agreed-upon conditions. In addition, the
transaction is subject to customary closing conditions, including
the expiration of the waiting period under the Hart-Scott-Rodino
Antitrust Improvements Act of 1976, as amended. In accordance with
the sale process under Section 363 of the Bankruptcy Code, notice
of the proposed sale to Novartis will be given to third parties and
competing bids will be solicited. The Company will manage the
bidding process and evaluate any bids received, in consultation
with its advisors and as overseen by the Bankruptcy Court.

Clovis is also actively engaged in discussions with a number of
interested parties with respect to a potential sale of one or more
of its other assets. Any of those sales would be subject to review
and approval by the Bankruptcy Court and compliance with Bankruptcy
Court-approved bidding procedures.

Clovis is represented by Willkie Farr & Gallagher LLP as counsel,
AlixPartners LLP as restructuring advisor and Perella Weinberg
Partners L.P. as restructuring investment banker.

Additional information about the Chapter 11 case, including access
to Bankruptcy Court documents, is available online at
https://cases.ra.kroll.com/Clovis.

                      About Clovis Oncology

Clovis Oncology Inc. (NASDAQ:CLVS) is an American pharmaceutical
company which mainly markets products for treatment in oncology.

Clovis Oncology, Inc., and two affiliates sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 22-11292) on Dec. 11,
2022.  The Hon. J Kate Stickles is the case judge.

Clovis Oncology had $319,164,834 in total assets against
$754,564,457 in total liabilities as of Oct. 31, 2022.

The Debtors tapped MORRIS NICHOLS ARSHT & TUNNELL LLP and WILLKIE
FARR & GALLAGHER LLP as bankruptcy co-counsel; ALIXPARTNERS, LLP,
as restructuring advisor; and PERELLA WEINBERG PARTNERS LP as
investment banker.  KROLL RESTRUCTURING ADMINISTRATION LLC is the
claims agent.


COLLINS & AIKMAN: 9th Cir. Says Insurers Can Intervene DTSC Suit
----------------------------------------------------------------
In the appealed case styled California Department of Toxic
Substances Control; Toxic Substances Control Account,
Plaintiffs-Appellees, v. Jim Dobbas, Inc., a California
corporation; Continental Rail, Inc., a Delaware corporation; David
Van Over, individually; Pacific Wood Preserving, a dissolved
California corporation; West Coast Wood Preserving, LLC, a Nevada
limited liability company; Collins & Aikman Products, LLC, a
Delaware limited liability company, Defendants, v. Century
Indemnity Company; Allianz Underwriters Insurance Company; Chicago
Insurance Company; Fireman's Fund Insurance Company; The
Continental Insurance Company, Proposed Intervenors,
Movants-Appellants, Case No. 20-15029, (9th Cir.), the U.S. Court
of Appeals for the Ninth Circuit reverses the district court's
denial of the Insurers' intervention as of right, dismisses the
Insurers' appeal of the denial of their motions to set aside the
clerk's default and remands the case for the district court to
reconsider its denial of the Insurers' motions.

In 2014, the California Department of Toxic Substances Control and
the Toxic Substances Control Account filed suit in the district
court against the current and various former owners of land in
Elmira, California, as well as others who conducted operations on
the site. A former owner of the property during the relevant time
but missing from the suit was Collins & Aikman Products.

In 2005, Collins & Aikman filed a Chapter 11 bankruptcy petition
and DTSC filed a claim against the estate based on the Elmira site.
To resolve that claim, the bankruptcy court's final order approving
a plan of reorganization in 2007 included a stipulation preserving
DTSC's ability to sue Collins & Aikman in the future for the sole
purpose of securing a judgment to "be paid from insurance
proceeds."

The following year, DTSC brought this litigation. Shortly after
doing so, DTSC petitioned the Delaware Court of Chancery to appoint
a receiver "to allow DTSC to add Collins & Aikman as an additional
defendant" in this suit. The Court of Chancery granted DTSC's
petition and appointed a receiver on Dec. 8, 2014.

More than four years later -- and after settling with the other
defendants in the meantime -- DTSC moved for a default judgment of
around $3.2 million against Collins & Aikman on Aug. 21, 2019. A
few weeks later, DTSC's insurance consultant and agent, the Arcina
Risk Group, notified the three liability insurers involved in this
appeal -- Allianz Underwriters Insurance Company, Century Indemnity
Company, and Continental Insurance Company -- that the Department
had applied for a default judgment "against your insured Collins &
Aikman." This notice ostensibly requested that the Insurers "defend
and indemnify your insured immediately" and directed them to
respond to both the receiver and DTSC.

It was only then -- over four years after DTSC filed its initial
complaint -- that the Insurers learned that DTSC had sued Collins &
Aikman in this case. The Insurers immediately moved to intervene as
of right under Rule 24(a)(2) on the theory that they had an
"interest" in the case -- preventing the entry of default judgment
as to their insured -- that would likely be impaired by their
absence. They also moved to set aside the district court clerk's
entry of default as to Collins & Aikman. DTSC opposed these
motions.

The district court denied their motions to intervene as of right
under Federal Rule of Civil Procedure 24(a)(2), reasoning that they
lacked any protected interest because the primary carriers didn't
reserve their rights and the excess insurer had no duty or right to
defend. The court also denied their motions to set aside the
clerk's default for reasons that are unclear.

The Insurers timely appealed both the denial of their motions to
intervene and the denial of their motions to set aside the entry of
default. The Insurers contend that the California direct action
statute, Cal. Ins. Code Section 11580, supplies them with a legally
protected "interest" under Rule 24(a)(2). In response to the
Insurers' argument, DTSC argues -- echoing the district court's
reasoning -- that they forfeited that interest by refusing to admit
coverage.

Because the parties did not address choice of law, the Court
applies the California substantive law to determine whether the
Insurers have a legally protected interest for purposes of Rule
24(a)(2). The Court finds and concludes that under the California
direct action statute, all three Insurers had a legally protected
interest in defending their helpless insured and preventing the
entry of default judgment.

Here, DTSC seeks relief in form of a money judgment against their
insured, and insofar as the California direct action statute
applies, DTSC could then sue the Insurers for recovery under the
policies, which DTSC has stated its intention to do -- this
contingent liability and its attendant costs (defending against the
threatened direct-action suit) creates injury in fact for standing
purposes. Now, the Insurers seek to intervene to defend Collins &
Aikman, which (being controlled by DTSC) is not defending itself.
The Court concludes that the Insurers easily satisfy the
requirements of constitutional standing.

The Insurers explained to the district court that, if allowed to
intervene, they would defend Collins & Aikman's interests by
challenging its alleged liability for site contamination and
whether DTSC's remediation actions are consistent with the
statutory requirements for a CERCLA action, as well as by arguing
"that DTSC is not entitled to recover prejudgment interest" or
"fixed costs" that have "no relation to the site."

The Court emphasizes that none of the Insurers had previously
denied a defense to their insured. The Court also points out that
the Insurers only received notice of the litigation against Collins
& Aikman from DTSC's agent more than four years after it commenced
and after the clerk's entry of default. During that time, the
court-appointed and the DTSC-paid receiver for Collins & Aikman
never notified the Insurers of DTSC's claims, let alone sought a
defense from them. The Court concludes that the Insurers timely
sought to defend Collins & Aikman through the only practical means
by which they could do so -- by intervention directly into the
case.

Therefore, the Court holds that under the California direct action
statute, a primary or excess insurer that seeks to timely intervene
in a tort action for the stated purpose of defending its insured
that is either unwilling or incapable of defending itself has a
protectable interest for purposes of Rule 24(a)(2), no matter what
position, if any, the insurer has taken as to coverage. In this
case, the Insurers promptly moved to intervene to defend their
insured and prevent the entry of default judgment upon learning of
DTSC's suit. Accordingly, the Court concludes that the district
court erred as a matter of law in denying the Insurers' motions to
intervene as of right for lack of a protectable interest.

Finally, the Insurers appeal the district court's denial of their
Rule 55(c) motions to set aside the clerk's entry of default
against Collins & Aikman. The Court agrees with DTSC's contention
that the Court lacks appellate jurisdiction because such an order
is interlocutory. Thus, the Court dismisses the Insurers' appeal of
the denial of their motions to set aside the clerk's default and
remands the case for the district court to reconsider its denial of
those motions.

A full-text copy of the Opinion dated Dec. 1, 2022, is available at
https://tinyurl.com/mz43r96x from Leagle.com.

                 About Collins & Aikman

Headquartered in Troy, Michigan, Collins & Aikman Corporation --
http://www.collinsaikman.com/-- is a global leader in cockpit
modules and automotive floor and acoustic systems and is a leading
supplier of instrument panels, automotive fabric, plastic-based
trim, and convertible top systems.  The Company has a workforce of
approximately 23,000 and a network of more than 100 technical
centers, sales offices and manufacturing sites in 17 countries
throughout the world.

The Company and its debtor-affiliates filed for chapter 11
protection on May 17, 2005 (Bankr. E.D. Mich. Case No. 05-55927).
Richard M. Cieri, Esq., at Kirkland & Ellis LLP, represents C&A in
its restructuring. Lazard Freres & Co., LLC, provides the Debtor
with investment banking services.  Michael S. Stammer, Esq., at
Akin Gump Strauss Hauer & Feld LLP, represents the Official
Committee of Unsecured Creditors Committee.  When the Debtors filed
for protection from their creditors, they listed $3,196,700,000 in
total assets and US$2,856,600,000 in total debts.



CONAIR HOLDINGS: XAI OFRAITT Marks 2028 Loan at 16% Off
-------------------------------------------------------
XAI Octagon Floating Rate & Alternative Income Term Trust has
marked its $763,775 loan extended to Conair Holdings LLC to market
at $639,662, or 84% of the outstanding amount, as of September 30,
2022, according to a disclosure contained in XAI OFRAITT's Form
N-CSR for the fiscal year ended September 30, filed with the
Securities and Exchange Commission on December 1.

XAI OFRAITT extended a Senior Secured First Lien Loan to Conair
Holdings LLC. The loan currently has an interest rate of 7.42% and
is scheduled to mature on May 17, 2028.

XAI OFRAITT is a diversified, closed-end management investment
company. The Trust seeks attractive total return with an emphasis
on income generation across multiple stages of the credit cycle.

Conair Holdings LLC is a designer, manufacturer and marketer of
branded personal care appliances, small kitchen appliances and
cookware, commercial food service equipment, professional hair care
and beauty products, hairbrushes and haircare accessories, cosmetic
and organizer bags and travel accessories.



CONSTELLIS HOLDING: XAI OFRAITT Marks 2024 Loan at 18% Off
----------------------------------------------------------
XAI Octagon Floating Rate & Alternative Income Term Trust has
marked its $119,765 loan extended to Constellis Holdings, LLC to
market at $98,207, or 82% of the outstanding amount, as of
September 30, 2022, according to a disclosure contained in XAI
OFRAITT's Form N-CSR for the fiscal year ended September 30, filed
with the Securities and Exchange Commission on December 1.

XAI OFRAITT extended a Senior Secured First Lien Loan to Constellis
Holdings, LLC.  The loan currently has an interest rate of 10.62%
(3M US L + 7.50%), and is scheduled to mature on March 27, 2024.

XAI OFRAITT is a diversified, closed-end management investment
company. The Trust seeks attractive total return with an emphasis
on income generation across multiple stages of the credit cycle.

Constellis Holdings LLC is a provider of operational support and
risk management services to government and commercial clients
worldwide. Its services range from security, crisis response and
training to logistics, life support, and technology services.



CORNERSTONE BUILDING: XAI OFRAITT Says 2028 Loan Value Down 18%
---------------------------------------------------------------
XAI Octagon Floating Rate & Alternative Income Term Trust has
marked its $383,448 loan extended to Cornerstone Building Brands,
Inc to market at $313,948, or 82% of the outstanding amount, as of
September 30, 2022, according to a disclosure contained in XAI
OFRAITT's Form N-CSR for the fiscal year ended September 30, filed
with the Securities and Exchange Commission on December 1.

XAI OFRAITT extended a Senior Secured First Lien Loan (Tranche B)
to Cornerstone Building Brands, Inc.  The loan currently has an
interest rate of 6.07% (1M US L + 3.25%) and is scheduled to mature
on April 12, 2028.

XAI OFRAITT is a diversified, closed-end management investment
company. The Trust seeks attractive total return with an emphasis
on income generation across multiple stages of the credit cycle.

Headquartered in Cary, North Carolina, Cornerstone Building Brands,
Inc., is the largest manufacturer of exterior building products for
residential and low-rise non-residential buildings in North
America.



CORNERSTONE ONDEMAND: XAI OFRAITT Marks 2028 Loan at 16% Off
------------------------------------------------------------
XAI Octagon Floating Rate & Alternative Income Term Trust has
marked its $637,105 loan extended to Cornerstone OnDemand, Inc to
market at $531,983 or 84% of the outstanding amount, as of
September 30, 2022, according to a disclosure contained in XAI
OFRAITT's Form N-CSR for the fiscal year ended September 30, filed
with the Securities and Exchange Commission on December 1.

XAI OFRAITT extended a Senior Secured First Lien Loan to
Cornerstone OnDemand, Inc. The loan currently has an interest rate
of 6.87% (1M US L + 3.75%) and is scheduled to mature on October
28, 2027.

XAI OFRAITT is a diversified, closed-end management investment
company. The Trust seeks attractive total return with an emphasis
on income generation across multiple stages of the credit cycle.

Cornerstone OnDemand, Inc. develops and markets on demand employee
development computer software. The Company offers software includes
learning development, enterprise social networking, performance
management, and succession planning. Cornerstone markets to
multi-national corporations, large domestic enterprises, mid-market
companies, state and local public sector organizations, and
colleges.



COUNTER CORTE: Case Summary & 11 Unsecured Creditors
----------------------------------------------------
Debtor: The Counter Corte Madera LP
        656 Walnut St., Suite 302
        San Carlos, CA 94070

Business Description: The Debtor operates a burger restaurant.

Chapter 11 Petition Date: December 14, 2022

Court: United States Bankruptcy Court
       Northern District of California

Case No.: 22-30686

Judge: Hon. Dennis Montali

Debtor's Counsel: Robert G. Harris, Esq.
                  Heinz Binder, Esq.
                  BINDER & MALTER, LLP
                  2775 Park Avenue
                  Santa Clara, CA 95050
                  Tel: (408) 295-1700
                  Email: rob@bindermalter.com
                         Heinz@bindermalter.com

Total Assets: $272,574

Total Liabilities: $1,467,285

The petition was signed by Peter Katz, manager of CI Management
LLC.

A full-text copy of the petition containing, among other items, a
list of the Debtor's 11 unsecured creditors is available for free
at PacerMonitor.com at:


https://www.pacermonitor.com/view/74XFL2Q/The_Counter_Corte_Madera_LP__canbke-22-30686__0001.0.pdf?mcid=tGE4TAMA


CPC ACQUISITION: XAI OFRAITT Says Value of $132,300 Loan Off 22%
----------------------------------------------------------------
XAI Octagon Floating Rate & Alternative Income Term Trust has
marked its $132, 351 loan extended to CPC Acquisition Corp to
market at $102,682, or 78% of the outstanding amount, as of
September 30, 2022, according to a disclosure contained in XAI
OFRAITT's Form N-CSR for the fiscal year ended September 30, filed
with the Securities and Exchange Commission on December 1.

XAI OFRAITT extended a Senior Secured First Lien Loan to CPC
Acquisition Corp.  The loan currently has an interest rate of 7.42%
(3M US L + 3.75%) and is scheduled to mature on December 29, 2027.

XAI OFRAITT is a diversified, closed-end management investment
company. The Trust seeks attractive total return with an emphasis
on income generation across multiple stages of the credit cycle.

CPC Acquisition Corp is in the chemicals industry.



DELCATH SYSTEMS: Closes Private Placement of $6.2 Million
---------------------------------------------------------
Delcath Systems, Inc. announced the closing of the private
placement with certain accredited investors.

Delcath issued and sold 1,448,889 shares of its common stock at a
price per share of $2.90, or, in lieu of shares of Common Stock,
692,042 pre-funded warrants to purchase Common Stock at a price per
Pre-Funded Warrant of $2.89.  The Pre-Funded Warrants will have an
exercise price of $0.01 per share of Common Stock, be immediately
exercisable and remain exercisable until exercised in full.

Delcath received gross proceeds from the Private Placement of
approximately $6.2 million before deducting offering expenses
payable by Delcath.  Delcath intends to use the net proceeds from
the Private Placement for working capital purposes and other
general corporate purposes.

The securities sold in the Private Placement, including the shares
of common stock underlying the Pre-Funded Warrants, have not been
registered under the Securities Act of 1933, as amended, or state
securities laws as of the time of issuance and may not be offered
or sold in the United States absent registration with the
Securities and Exchange Commission or an applicable exemption from
such registration requirements.  Delcath has agreed to file one or
more registration statements with the SEC registering the resale of
the Common Stock and the shares issuable upon exercise of the
Pre-Funded Warrants purchased in the Private Placement.

                       About Delcath Systems

Headquartered in New York, NY, Delcath Systems, Inc. --
http://www.delcath.com-- is an interventional oncology company
focused on the treatment of primary and metastatic liver cancers.
The Company's lead product candidate, Melphalan Hydrochloride for
Injection for use with the Delcath Hepatic Delivery System, or
Melphalan/HDS, is designed to administer high-dose chemotherapy to
the liver while controlling systemic exposure and associated side
effects.  In Europe, Melphalan/HDS is approved for sale under the
trade name Delcath CHEMOSAT Hepatic Delivery System for Melphalan.

Delcath Systems reported a net loss of $25.65 million for the year
ended Dec. 31, 2021, compared to a net loss of $24.16 million for
the year ended Dec. 31, 2020.  As of Sept. 30, 2022, the Company
had $20.23 million in total assets, $25.47 million in total
liabilities, and a total stockholders' deficit of $5.25 million.

New York, NY-based Marcum LLP, the Company's auditor since 2018,
issued a "going concern" qualification in its report dated March
30, 2022, citing that the Company has a significant working capital
deficiency, has incurred significant losses and needs to raise
additional funds to meet its obligations and sustain its
operations.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.


DIGITAL MEDIA: S&P Downgrades ICR to 'CCC+', Outlook Negative
-------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on Digital
Media Solutions Inc. (DMS) to 'CCC+' from 'B-' and its issue-level
rating on Digital Media Solutions LLC's ($222 million outstanding)
senior secured term loan to 'CCC+' from 'B-'.

The negative outlook reflects the risk that DMS' performance will
deteriorate further amid a recession, leading to weakening
liquidity and increased risk for a covenant breach or default in
the next 12 months.

S&P said, "We view DMS' capital structure as unsustainable absent
sustainable increases in its EBITDA and FOCF. We do not expect that
the company will significantly improve its credit metrics until
2024. DMS is dependent on improvements in macroeconomic conditions
and insurance carrier profitability to support increased ad
spending on its platform and additional sales through its
independent insurance agents. Insurance is the company's largest
market vertical, given that it accounts for about 55%-60% of its
gross revenue. The inflationary environment and elevated loss
ratios have reduced the profitability of its insurance carrier
partners, which--in response--have pulled back on their ad spending
with DMS. Therefore, we expect the company's S&P Global
Ratings-adjusted leverage will be about 10x in 2023 and anticipate
it will generate negative reported FOCF of about $6 million.
However, we note this is an improvement relative to our expectation
for leverage of 15x in 2022, which reflects the roll-off of
one-time transaction and restructuring expenses, additional revenue
opportunities from new partnerships, and an expansion in its
independent insurance agent network. We now expect DMS' leverage
will improve closer to 7x in 2024 assuming economic conditions
improve and insurance companies increase their spending on its
platform. Nonetheless, even with leverage of 7x we believe the
company would face difficulty in refinancing its senior secured
term loan before its maturity in 2026. If a prolonged and deep
recession occurs, we believe DMS' leverage would likely remain
above our current expectations. As such, the company is reliant on
favorable economic conditions to increase its EBITDA and generate
consistently positive FOCF, which it could use to reduce its debt
over the next several years in advance of its debt maturity.

DMS will breach its 4.5x net leverage covenant in 2023 absent
covenant relief. The company will be unable to remain in compliance
with its 4.5x leverage covenant in 2023 and will need a waiver,
equity infusion, or other type of additional covenant relief to
avoid a technical default. DMS had virtually no headroom under its
5x covenant test as of the 12 months ended Sept. 30, 2022, and we
do not expect a material expansion in its EBITDA growth in the
fourth quarter, when the covenant will step down to 4.5x as of Dec.
31. 2022. Any credit amendment the company receives would likely
further pressure its EBITDA and cash flow due to the associated
fees. That said, DMS' credit agreement contains a provision that
would allow it to credit an equity injection to its EBITDA to cure
a covenant breach. S&P believes it is possible the company's equity
holders would provide it with relief due to the substantial
positions held by its two largest shareholders, Prism Data LLC
(formed with management equity) and private-equity firm Clairvest
Group Inc. (each hold about 25%-30% of its voting shares).
Regardless, it is unclear how much equity its shareholders would be
willing to contribute and if the contributions would be sufficient
to cure the covenant breach.

S&P said, "We expect DMS' liquidity would be thin amid a recession.
The company had about $18.3 million of cash on its balance sheet
and $45 million of availability under its $50 million revolving
credit facility as of Sept. 30, 2022. We expect this liquidity
cushion will enable DMS to fund its operations and service its debt
in 2023 despite our projections for about $6 million of negative
FOCF. We assume the company's cash flow generation will turn
positive in 2024, though a prolonged and deep recession could delay
this improvement. Amid a deep recession, it's likely that the
company would be unable to generate sustainably positive cash flow,
which would increase the risk of a liquidity shortfall and,
subsequently, a debt restructuring given its reduced financial
flexibility."

The negative outlook reflects the risk that DMS' performance will
deteriorate further amid a recession and reduce its liquidity,
which would increase the risk it will be unable to cure a covenant
breach or default occurring in the next 12 months.

S&P could lower its rating on DMS if it expects a default will
occur in the next 12 months, which could happen if:

-- The company's liquidity deteriorates, limiting its financial
flexibility and increasing the risk it would pursue a subpar debt
restructuring; or

-- S&P views the company as unable or unwilling to cure a covenant
breach.

Although unlikely, S&P could raise its rating on DMS over the next
12 months if:

-- Inflation subsides and macroeconomic conditions improve such
that S&P expects it will generate sustainably positive FOCF and see
a clear path for it to reduce its leverage below 6x; and

-- The company's liquidity position improves and S&P no longer
views a covenant breach as likely.

ESG credit indicators: E-2, S-2, G-3



DIOCESE OF ROCKVILLE: Gets Court OK to Join Boy Scouts Settlement
-----------------------------------------------------------------
The bankrupt Roman Catholic diocese that covers Long Island
received approval from a New York judge to participate in a
settlement embodied in the Chapter 11 plan of the Boy Scouts of
America that will allow about 30 abuse claims to be channeled to a
settlement trust.

In its Chapter 11 case, the Roman Catholic Diocese of Rockville
Centre, New York filed a motion to authorize the Debtor to
“opt-in” to treatment as a “Participating Chartered
Organization” under the Boy Scouts of America chapter 11 plan
(the “BSA Plan”) and for related relief.  

Prior to the Petition Date, the Child Victims Act of 2019 revived
previously time-barred sex abuse claims, and approximately 200
lawsuits were filed by abuse claimants against the Debtor.  The
Debtor has sought to identify and marshal over 60 years of
insurance policies to secure valuable resources of the Debtor's
which may be used to compensate abuse survivors.  In conjunction
with those efforts, the Debtor's motion seeks to take advantage of
a settlement agreement regarding the BSA Plan that the Debtor
contends will substantially support its goals.  No objections were
filed to the Motion.

The U.S. Bankruptcy Court for the Southern District of New York,
which presides over Rockville's bankruptcy case, held a hearing on
the Motion on Nov. 30, 2022 and granted the Motion.  

"Here, the Debtor has shown that opting into treatment as a
Participating Chartered Organization under the BSA Plan provides
the Diocese with the benefit of the release. Opting in also
channels injunctions for pre-1976 abuse claims for which there is
insurance from a Settling Insurance Company and all post-
1976 abuse claims to the Settlement Trust.  In exchange, the Debtor
releases all rights to insurance policies issued to BSA or Local
Councils by the Settling Insurance Companies and to causes of
action related to BSA abuse claims in or after 1976 and other
indirect related claims," Judge Martin Glenn said in an opinion
signed Dec. 9, 2022.

"The protections of the BSA-related insurance rights that will be
surrendered are offset by
the releases received and the other scouting-related
indemnification claims to be waived are of
minimal value. This compromise is fair and equitable, is in the
best interest of the estate, and is
the result of the Debtor’s exercise of reasonable business
judgment. The Debtor has
demonstrated that opting into the BSA Plan as a Participating
Chartered Organization is a
reasonable and appropriate use of property outside of the ordinary
course of business, supported
by a sound business justification."

Because an appeal is pending challenging the confirmed BSA Plan,
the BSA Plan has not yet become effective and the Debtor and the
claimants have not yet received any benefits from the BSA Plan.


                    About The Roman Catholic Diocese
                       of Rockville Centre, New York

The Roman Catholic Diocese of Rockville Centre, New York, is the
seat of the Roman Catholic Church on Long Island. The Diocese has
been under the leadership of Bishop John O. Barres since February
2017. The State of New York established the Diocese as a religious
corporation in 1958. The Diocese is one of eight Catholic dioceses
in New York, including the Archdiocese of New York. The Diocese's
total Catholic population is approximately 1.4 million, roughly
half of Long Island's total population of 3.0 million. The Diocese
is the eighth largest diocese in the United States when measured
by the number of baptized Catholics.

The Roman Catholic Diocese of Rockville Centre, New York, filed a
Chapter 11 petition (Bankr. S.D.N.Y. Case No. 20-12345) on Sept.
30, 2020, listing as much as $500 million in both assets and
liabilities. Judge Martin Glenn oversees the case.

The Diocese tapped Jones Day as legal counsel, Alvarez & Marsal
North America, LLC, as restructuring advisor, and Sitrick and
Company, Inc., as communications consultant. Epiq Corporate
Restructuring, LLC is the claims agent.

The U.S. Trustee for Region 2 appointed an official committee of
unsecured creditors in the Diocese's Chapter 11 case. The
committee
tapped Pachulski Stang Ziehl & Jones, LLP and Ruskin Moscou
Faltischek, PC as its bankruptcy counsel and special real estate
counsel, respectively.

Robert E. Gerber, the legal representative for future claimants of
the Diocese, is represented by the law firm of Joseph Hage
Aaronson, LLC.



ELEVATE TEXTILES: XAI OFRAITT Marks $1.13M Loan at 23% Off
----------------------------------------------------------
XAI Octagon Floating Rate & Alternative Income Term Trust has
marked its $1,133,262 loan extended to Elevate Textiles Inc to
market at $872,612, or 77% of the outstanding amount, as of
September 30, 2022, according to a disclosure contained in XAI
OFRAITT's Form N-CSR for the fiscal year ended September 30, filed
with the Securities and Exchange Commission on December 1.

XAI OFRAITT extended a Senior Secured First Lien Loan to Elevate
Textiles. The loan currently has an interest rate of 7.28% (3M US L
+ 5.00%) and is scheduled to mature on May 1, 2024.

XAI OFRAITT is a diversified, closed-end management investment
company. The Trust seeks attractive total return with an emphasis
on income generation across multiple stages of the credit cycle.

Elevate Textiles, Inc. manufactures and supplies textile products
worldwide.



ENDURANCE INTL: XAI OFRAITT Marks $843,400 Loan at 16% Off
----------------------------------------------------------
XAI Octagon Floating Rate & Alternative Income Term Trust has
marked its $843,494 loan extended to Endurance International Group
Holdings, Inc.  to market at $708,535, or 84% of the outstanding
amount, as of September 30, 2022, according to a disclosure
contained in XAI OFRAITT's Form N-CSR for the fiscal year ended
September 30, filed with the Securities and Exchange Commission on
December 1.

XAI OFRAITT extended a Senior Secured First Lien Loan to Endurance
International Group Holdings, Inc.  The loan currently has an
interest rate of 6.18% (1M US L + 3.50%) and is scheduled to mature
on February 10, 2028.

XAI OFRAITT is a diversified, closed-end management investment
company. The Trust seeks attractive total return with an emphasis
on income generation across multiple stages of the credit cycle.

Endurance International Group Holdings, Inc. provides online
web-hosting solutions. It is a portfolio company of Clearlake
Capital Group, L.P.



ENVISION HEALTHCARE: XAI OFRAITT Marks $816,400 Loan at 57% Off
---------------------------------------------------------------
XAI Octagon Floating Rate & Alternative Income Term Trust has
marked its $816,414 loan extended to Envision Healthcare
Corporation to market at $355,140, or 43% of the outstanding
amount, as of September 30, 2022, according to a disclosure
contained in XAI OFRAITT's Form N-CSR for the fiscal year ended
September 30, filed with the Securities and Exchange Commission on
December 1.

XAI OFRAITT extended a Senior Secured First Lien Loan (Second Out
Term Loan) to Envision Healthcare Corporation. The loan currently
has an interest rate of 6.83% (3M SOFR + 4.25%) and is scheduled to
mature on March 31, 2027.

XAI OFRAITT also extended a New Money First Out Term Loan to
Envision for $114,899, which it currently values at $110,016.  This
loan carries an interest rate of 10.53% (3M SOFR + 7.88%) and is
also scheduled to mature on March 31, 2027.

XAI OFRAITT is a diversified, closed-end management investment
company. The Trust seeks attractive total return with an emphasis
on income generation across multiple stages of the credit cycle.

Envision Healthcare Corporation provides health care services. The
Hospital offers surgery, pharmacy, medical imaging, emergency care,
and other related health care services.



EVERNEST HOLDINGS: Files Emergency Bid to Use Cash Collateral
-------------------------------------------------------------
Evernest Holdings, LLC asks the U.S. Bankruptcy Court for the
Southern District of Florida, Miami-Dade Division, for authority to
use cash collateral to continue its day-to-day business.

The Debtor's cash collateral is subject to the claims of:

     a. PMIT REI 2021-A LLC/ Rushmore Mortgage;
     b. HSBC Bank USA Natl Assn/PHH- Mortgage;
     c. Venetian Isles Master Association Inc. - HOA;
     d. Mediterranea (Miami) Condo Assn Inc.

As adequate protection, the Debtor has and will continue provide
adequate protection in the form of periodic payments to creditor
the secured creditors.

The cash collateral derived from operation of the Debtor's owning
and managing their rental properties will be used only for the
operation of the Debtor's business and ultimately reorganization.

A copy of the motion is available at https://bit.ly/3BAV1yA from
PacerMonitor.com.

                  About Evernest Holdings, LLC

Evernest Holdings, LLC owns real properties located in Miami-Dade
County, Florida.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Fla. Case No. 22-18951) on November
21, 2022. In the petition signed by Eddrian Burciaga, manager, the
Debtor disclosed up to $50,000 in assets and up to $1 million in
liabilities.

Richard Siegmeister, Esq., at Richard Siegmeister, PA, is the
Debtor's legal counsel.



FAIRMONT ORTHOPEDIC: Amends Unsecureds & Profinium Secured Claims
-----------------------------------------------------------------
Fairmont Orthopedic and Sports Medicine, PA, submitted a First
Modified Plan of Reorganization dated December 8, 2022.

The financial issues suffered by the Debtor are primarily COVID
related, and the Debtor is well on its way to recovering from that
momentary dip in its finances. The Debtor hopes its reorganization
will allow it to keep serving the public in several small towns in
Minnesota and Iowa which often have trouble bringing in and keeping
medical specialty services such as those offered by the Debtor.

In order to be able to file a successful Chapter 11 plan, the
Debtor had to reach an agreement with Profinium Bank on the Total
Debt. Shortly before the filing of the plan, the parties came to a
global resolution.

Unclassified claims include:

   * Post-petition claims, incurred in the ordinary course of the
Debtor's business.

   * Allowed administrative expense claims, including:

     -- Pre-Confirmation allowed fees and expenses of professionals
for the Debtor pursuant to 11 U.S.C. § 503(b)(1)(A) estimated at
$70,000.00;

     -- Subchapter V Trustee Fees estimated at $5,000.00.

   * Allowed administrative claims under 11 U.S.C. §503(b)(9). The
Debtor is unaware of any 503(b)(9) claims.

   * Administrative claims of taxing authorities for post-petition
taxes. Debtor is current on all post-petition taxes except for one
bill for withholding taxes with the state of Minnesota for
$1,364.95.

The Allowed Amounts of the claims will be satisfied by payment in
full on the effective date, unless otherwise agreed to by the
particular claimant, to the extent not otherwise paid in the
ordinary course of business as the same become due or as agreed
upon by a particular claimant. The largest of these claims is
likely to be attorney's fees for Debtor's counsel who will be paid
in full on the effective date. If necessary, Dr. Welchlin will
contribute funds to the Debtor as a contribution to capital to pay
the Administrative claims. Debtor will continue to pay all court
fees and all other trustee fees that come due until the Chapter 11
case is closed, converted or dismissed, as required by 28 U.S.C. §
1930, and subject to any amendments to the Bankruptcy Code made
retroactively applicable to this Case.

Class I consists of the Claim of Profinium Bank. The total amount
owed by Debtor to Profinium as of the filing date of the Bankruptcy
on June 9, 2022 is currently $1,682,231.67. The Debtor will execute
a new note with Profinium for the full amount of the FOSM Debt (the
"New FOSM Note") but agreeing that the payment under the plan will
be limited to a secured value of $400,000 at an annual interest
rate of 4.59%.

The Bank will waive its right to receive any distribution on any
other Claim including the unsecured portion of the FOSM debt,
provided, however, the indebtedness in excess of $400,000 shall
still be enforceable against all of the non-estate assets owned by
Mr. Welchlin and any of the other entities liable for the debt.

The New FOSM Note will be secured by the assets of FOSM.
Specifically, the Debtor will execute a new security agreement with
the Bank providing that the Bank will retain its previously filed
liens on the assets of the Debtor in the same priority as when
filed. In addition, the new FOSM Note shall be secured by other
pieces of real property owned by non-debtor parties and a personal
guarantee of Dr. Welchlin.

Class V consists of Unsecured Claims. The allowed non-insider
claims in Class V are estimated by the Debtor to be $2,385,794.77
based on the schedules as amended by proofs of claim filed by
unsecured creditors. Specifically excluded from Class V are any
amounts owed to Dr. Welchlin (estimated to be $1,037,934.87 which
claims are subordinated to the claims of Class V claimants.

The holder of a Class V Allowed Claim shall be paid the Pro Rata
Share of the cashflow of the company's operations over a five-year
period in yearly payments, without interest. A pro forma showing
these payments with projected revenues is Total Payments to
unsecured creditors will be $308,868.24 over five years.

If the plan is confirmed as a consensual plan under 11 USC
§1129(a), Debtor shall implement the plan and pay creditors
directly. Pursuant to 11 USC § 1190(2), if the plan is confirmed
under 11 USC § 1191, all of the future earnings will be submitted
to the supervision and control of the Subchapter V trustee under
the terms and time limits as necessary for the execution of the
plan.

The Debtor, after confirmation, will continue to manage its affairs
as a surgery center and specialty care Clinic. Debtor estimates
that it will have expenses for professionals to carry out avoidance
litigation, if any, and any unpaid professional fees generated in
the course of the case which are estimated to be $75,000.00 or
less.

A full-text copy of the First Modified Plan dated December 8, 2022,
is available at https://bit.ly/3Fvpcbt from PacerMonitor.com at no
charge.

Attorneys for Debtor:

     Kenneth C. Edstrom, Esq.
     Sapientia Law Group, PLLC
     Minneapolis, Minnesota 55402
     Email: kene@sapientialaw.com
     Telephone: 612 756-1000

                   About Fairmont Orthopedics

Fairmont Orthopedics & Sports Medicine, P.A., treats injuries and
diseases of the knee, hip, back, shoulder, hand and foots.  The
Company offers pain management, surgery, orthopedics, podiatry,
back and spine, physical therapy, and other related services.
Fairmont Orthopedics serves customers in the State of Minnesota.

Fairmont Orthopedics & Sports Medicine filed a petition for relief
under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code
(Bankr. D. Minn. Case No. 22-30926) on June 9, 2022.  In the
petition filed by Corey Welchlin MD, as president, the Debtor
estimated assets and liabilities between $1 million and $10 million
each.

The case is assigned to the Hon. Bankruptcy Judge Katherine A.
Constantine.

Kenneth C. Edstrom, Esq., at Sapientia Law Group, is the Debtor's
counsel.

Steven B. Nosek has been appointed as Subchapter V trustee.


FAST RADIUS: Bankruptcy Court Approves Assets Sale to SyBridge
--------------------------------------------------------------
Fast Radius, Inc. on Dec. 13, 2022, disclosed that the United
States Bankruptcy Court of the District of Delaware has approved
the sale of a majority of the Company's assets to SyBridge
Technologies.

SyBridge Technologies' bid maximizes value and minimizes the
remaining duration of the Company's restructuring by providing a
clear path forward for the Debtors to consummate a chapter 11 plan
and return value to their customers and other creditors.

The transaction is expected to close later this week.

Court filings and other information related to the proceedings are
available on a separate website administered by the Company's
noticing agent, Stretto, at https://cases.stretto.com/fastradius or
by calling Stretto representatives toll-free at 1-877-361-4291 or
1-714-384-7055 for calls originating outside of the U.S.

DLA Piper LLP (US) is serving as legal advisor to the Company,
Lincoln International is serving as its investment banker, and
Alvarez & Marsal is serving as its financial advisor.

                  About SyBridge Technologies

SyBridge Technologies -- http://www.sybridgetech.com-- was
established in 2019 by Crestview Partners to create a global
technology leader that provides value-added design and
manufacturing solutions across multiple industries. SyBridge is the
combination of 13 acquisitions made to combine different products,
services and technologies into a singular technology enabled
solution. SyBridge is based in Southfield, Michigan and has
operations in the United States, Canada, Mexico and Ireland.

                     About Fast Radius

Fast Radius, Inc. (OTCMKTS: FSRDQ) is a cloud manufacturing and
digital supply chain company in Chicago, Ill.

Fast Radius, Inc. and affiliates, Fast Radius Operations, Inc. and
Fast Radius PTE Ltd., sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 22-11051) on
Nov. 7, 2022. In the petition signed by Patrick McCusker,
authorized signatory, Fast Radius, Inc. disclosed $69.329 million
in assets and $55.212 in liabilities.

The Debtors tapped DLA Piper LLP (US) and Bayard, P.A. as legal
counsels; Lincoln Partners Advisors, LLC as investment banker;
Alvarez & Marsal North, America, LLC as financial advisor; and
Stretto, Inc. as claims and noticing agent and administrative
advisor.

The U.S. Trustee for Region 3 appointed an official committee of
unsecured creditors in the Debtors' Chapter 11 cases on Nov. 18,
2022. The committee is represented by Potter Anderson Corroon,
LLP.



FEDNAT HOLDING: Files Voluntary Chapter 11 Bankruptcy Petition
--------------------------------------------------------------
FedNat Holding Company, a regional insurance holding company, on
Dec. 12 disclosed that it and certain of its wholly-owned
subsidiaries have filed voluntary petitions under Chapter 11 of the
Bankruptcy Code in the United States Bankruptcy Court for the
Southern District of Florida in order to maximize value for all
stakeholders. As part of the Chapter 11 process, the Company will
evaluate all strategic alternatives to maximize value for
stakeholders, whether that be a reorganization of its business or a
sale of its assets.

The Company has approximately $6.5 million of cash on hand, which
will provide liquidity to support day-to-day operations during the
Chapter 11 process, enabling the Company to operate business
uninterrupted, including the timely payment of employee wages and
benefits and continued servicing of customers.

As part of the reorganization process, the Company will file
customary "First Day" motions to allow it to maintain operations in
the ordinary course. The Company intends to pay its employees in
the usual manner and continue their primary benefits and certain
customer programs without disruption. The Company expects to
receive court approval for all these routine requests.

Parties with questions about the Chapter 11 process may contact the
Company's Claims Agent, Stretto, at +1 (949) 861-5292 (toll-free in
the U.S.) or +1 (888) 708-0592 (for parties outside the U.S.). The
Claims Agent has also set up a website at
https://cases.stretto.com/FedNat, which includes court documents
and other information regarding the bankruptcy case.

To manage the restructuring process, the Company has engaged GGG
Partners, LLC ("GGG") as financial advisors, and Nelson Mullins
Riley & Scarborough LLP as legal advisors.

As previously reported, on September 30, 2022, the Company engaged
Katie S. Goodman, Managing Partner of GGG, to serve as the
Company's Chief Restructuring Officer. Also as previously reported,
on November 3, 2022, the Company's Board of Directors appointed
Richard B. Gaudet, GGG's Head of Finance and Accounting, to serve
as interim Chief Financial Officer effective November 18, 2022.

                    About FedNat Holding Company

FedNat Holding Company -- https://www.fednat.com/ -- is an
insurance holding company that controls substantially all aspects
of the insurance underwriting, distribution and claims processes
through our subsidiaries, equity investments and contractual
relationships with independent agents and general agents.

FedNat Holding Company and four of its affiliates sought Chapter 11
protection (Bankr. S.D. Fla. Lead Case No. 22-19451) on Dec. 11,
2022.  FedNat Holding disclosed $33,830,000 in assets against
$171,000,000 in total debt as of Dec. 7, 2022.

The Hon. Peter D. Russin is the case judge.

The Debtors tapped NELSON MULLINS RILEY & SCARBOROUGH LLP as
counsel; and GGG PARTNERS, LLC as restructuring advisor.  STRETTO,
INC., is the claims agent.


FENDER MUSICAL: XAI OFRAITT Marks 2028 Loan at 15% Off
------------------------------------------------------
XAI Octagon Floating Rate & Alternative Income Term Trust has
marked its $202,218 loan extended to Fender Musical Instruments
Corporation to market at $171,380, or 85% of the outstanding
amount, as of September 30, 2022, according to a disclosure
contained in XAI OFRAITT's Form N-CSR for the fiscal year ended
September 30, filed with the Securities and Exchange Commission on
December 1.

XAI OFRAITT extended a Senior Secured First Lien Loan to Fender
Musical. The loan currently has an interest rate of 6.75% (1M SOFR
+ 4.00%) and is scheduled to mature on December 1, 2028.

XAI OFRAITT is a diversified, closed-end management investment
company. The Trust seeks attractive total return with an emphasis
on income generation across multiple stages of the credit cycle.

Fender Musical Instrument Company manufactures and wholesales
musical instruments. The Company offers electric, bass, and
acoustic guitars.



FLOSS BAR: Case Summary & Six Unsecured Creditors
-------------------------------------------------
Debtor: Floss Bar, Inc.
        40 Wall Street
        Suite 2934
        New York, NY 10005

Business Description: Floss Bar offers dental care specializing in

                      preventative, restorative & orthodontic
                      dentistry.

Chapter 11 Petition Date: December 14, 2022

Court: United States Bankruptcy Court
       Southern District of New York

Case No.: 22-11671

Debtor's Counsel: Vincent Roldan, Esq.
                  MANDELBAUM BARRETT PC
                  3 Becker Farm Road
                  Roseland, NJ 07068
                  Tel: 973-974-9815
                       793-736-4600
                  Fax: 973-736-4670
                  Email: vroldan@mblawfirm.com

Total Assets: $5,287,386

Total Liabilities: $556,137

The petition was signed by Ewa Sadej as CEO.

A full-text copy of the petition containing, among other items, a
list of the Debtor's six unsecured creditors is available for free
at PacerMonitor.com at:

https://www.pacermonitor.com/view/WBSZK7Y/Floss_Bar_Inc__nysbke-22-11671__0001.0.pdf?mcid=tGE4TAMA


FOUR SHIRE COURT: Seeks Chapter 11 Bankruptcy Protection
--------------------------------------------------------
Four Shire Court Inc. filed for chapter 11 protection in the
Eastern District of New York.

According to court filings, Four Shire Court estimates between
$500,000 to $1 million in debt owed to 1 to 49 creditors.  The
petition states that funds will not be available to unsecured
creditors.

A meeting of creditors under 11 U.S.C. Section 341(a) is slated for
Jan. 9, 2023, at 9:00 AM at Room 562, 560 Federal Plaza, CI, NY.

                     About Four Shire Court

Four Shire Court Inc. is a Single Asset Real Estate (as defined in
11 U.S.C. Sec. 101(51B)).

Four Shire Court filed a petition for relief under Chapter 11 of
the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 22-73496) on Dec. 9,
2022.  In the petition filed by Darshan Shah, as president, the
Debtor reported assets and liabilities between $500,000 and $1
million.


FOX SUBACUTE: Wins Cash Collateral Access Thru March 2023
---------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Pennsylvania
authorized Fox Subacute at Mechanicsburg, LLC and its affiliated
debtors to use cash collateral on an interim basis through and
including the earlier of March 11, 2023, or the occurrence of an
event of default.

The Debtors will use cash collateral only:

     i. for the purposes specified in the Budget;

    ii. to pay United States Trustee's fees;

   iii. to pay contingent fees of Weltman, Weinberg & Reis Co.,
LPA, the Debtor's special counsel; and

    iv. to pay professional fees and reimbursement for expenses
allowed by the Court that the Bank and Sabra consent to being paid
from cash collateral or for which the Bank's and/or Sabra's
collateral is surcharged pursuant to 11 U.S.C. section 506(c).

On or before the fifth day of each month during the 20th interim
period, the Debtors will remit to PeoplesBank, A Codorus Valley
Company, the amount of all accrued and unpaid interest under the
Note, and $50,000, which amount will be applied to the principal
balance outstanding under the Note. As additional adequate
protection, Mechanicsburg will remit to the Bank for application to
the principal balance outstanding under the Note, a payment in the
amount of $132,000.

Additionally, subject only to satisfaction of post-petition
administrative expense claims provided for in the Budget and not
paid during the 20th Interim Period other than the deferred rent
claim of Sabra, the Bank may apply any funds on deposit in
Warrington's operating account and concentration account at the
expiration of the 20th Interim Period to the principal balance
outstanding under the Note.

On or before the fifth day of each month during the Twentieth
Interim Period, the Debtors will remit to the Bank a fee in the
amount of $500 to compensate the Bank for the personnel time
required to monitor the Debtors' compliance with the Order. The
Administrative Fee will not reduce the Debtors' obligations to the
Bank under the Note or the Loan Agreement, but will be payable in
addition to any amounts payable thereunder.

The Debtors will maintain Eligible Accounts Receivable and cash on
deposit in concentration accounts maintained with the Bank such
that the sum of 70% of the Eligible Accounts Receivable plus 90% of
cash on deposit in such accounts is at all times equal to or
greater than 1.8 times the principal balance outstanding under the
Note and the Loan Agreement.

On or before the fifth day of each month during the 20th interim
period, the Debtors will remit to the Bank a $500 fee to compensate
the Bank for the personnel time required to monitor the Debtors'
compliance with the interim cash collateral order.

As adequate protection, the Bank is granted a replacement lien on
the Debtors' post-petition assets, and Sabra will have a
replacement lien on the post-petition assets of Clara Burke and
Warrington with the same respective priorities as their
pre-petition lien to the same extent that the Bank and Sabra would
have had perfected liens on such assets absent the filing of the
petition.

Moreover, the Bank and Sabra are each granted a claim against the
Debtors, which claim have (a) the same priority as United States
Trustee's fees and professional fees and reimbursement for expenses
allowed by the Court that are authorized to be paid from cash
collateral; and (b) priority over any other administrative expenses
of any kind including, the administrative expenses described in
Sections 503(b) and 507(b) of the Bankruptcy Code.

These events constitute an "Event of Default":

      1. The failure of the Debtors to maintain the Required
Balance;

      2. Use by any Debtor of cash collateral for purposes other
than those specified in the Approved Budget or to pay the Weltman
Fees, without the Bank's and Sabra's written consent;

     3. Use by any Debtor of cash collateral for any purpose (other
than payment of the Weltman Fees) in an amount in excess of the
amount specified in the Approved Budget subject to the Acceptable
Variance, without the Bank's and Sabra's written consent;

     4. The failure of the Debtors to make the payments and/or
escrow deposits to the Bank and/or Sabra provided for in the order
when and as due;

     5. The failure of any Debtor to pay any obligation arising on
or after the Petition Date under any unexpired lease of
nonresidential property, including without limitation, the Sabra
lease, by the later of: (a) the date payment of such obligation is
due under the applicable lease; or (b) such date, if any, as may be
set by the Court pursuant to 11 U.S.C. section 365(d)(3); or

     6. The violation by any Debtor of any other term or condition
of the Order.

The final hearing on the cash collateral request is continued to
February 28, 2023 at 9:30 a.m.

A copy of the order is available at https://bit.ly/3UXstG9 from
PacerMonitor.com free of charge.

             About Fox Subacute at Mechanicsburg, LLC

Fox Subacute at Mechanicsburg, LLC is a skilled nursing facility in
Pennsylvania that specializes in pulmonary, neurological, and
rehabilitative care for patients with degenerative neurological and
neuromuscular disease; and pulmonary care and ventilator
requirements with an emphasis on vent weaning.  Its facilities are
located in Plymouth Meeting, Warrington, Mechanicsburg and
Philadelphia, Pa., and are licensed by the PA Department of
Health.

On Nov. 1, 2019, Fox Subacute at Mechanicsburg and its affiliates
sought Chapter 11 protection (Bankr. M.D. Pa. Lead Case No.
19-04714).  Fox Subacute at Mechanicsburg was estimated to have $1
million to $10 million in assets and liabilities as of the
bankruptcy filing.

Judge Henry W. Van Eck oversees the cases.

The Debtors tapped Cunningham, Chernicoff & Warshawsky, P.C. as
their legal counsel, Kennedy P.C. as special counsel, Isdaner &
Company, LLC as accountant, and Three Twenty-One Capital Partners,
LLC as investment banker.  

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors on Dec. 11, 2019.  The committee is represented
by Flaster/Greenberg P.C.



FREE SPEECH: Trustee Taps M3 Advisory Partners as Financial Advisor
-------------------------------------------------------------------
Melissa Haselden, the Subchapter V trustee appointed in Free Speech
Systems, LLC's Chapter 11 case, seeks approval from the U.S.
Bankruptcy Court for the Southern District of Texas to employ M3
Advisory Partners, LP as financial advisor.

The trustee requires a financial advisor to:

   a) assist in investigations required by the court;

   b) assist the trustee in analyzing claims owned by the estate
against third parties arising under Chapter 5 of the Bankruptcy
Code and other applicable laws;

   c) support the trustee in the bankruptcy case and other judicial
or administrative proceedings; and

   d) perform other necessary financial advisory services.

The firm will be paid at these rates:

     Managing Partner              $1,285 per hour
     Senior Managing Directors     $1,155 per hour
     Managing Directors            $970 to 1,100 per hour
     Directors                     $790 to $895 per hour
     Vice President                $710 per hour
     Senior Associate              $605 per hour
     Associate                     $520 per hour
     Analyst                       $415 per hour

Brian Griffith, a managing director at M3 Advisory Partners,
disclosed in a court filing that his firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

     Brian Griffith
     M3 Advisory Partners, LP
     1700 Broadway, 19th Floor
     New York, NY 10019
     Tel: (212) 202-2200
     Email: info@m3-partners.com

                     About Free Speech Systems

Free Speech Systems LLC is a broadcast media production and
distribution company that provides broadcasting aural programs by
radio to the public.

On July 29, 2022, Free Speech Systems filed a voluntary petition
for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D.
Texas Case No. 22-60043), with between $50 million and $100 million
in both assets and liabilities.  The Debtor has elected to proceed
under Subchapter V of Chapter 11.
  
Judge Christopher M. Lopez oversees the case.

Ray Battaglia, PLLC and Patrick Magill at Magill, PC serve as the
Debtor's legal counsel and chief restructuring officer,
respectively.

Melissa A. Haselden, who serves as Subchapter V trustee, tapped
Jackson Walker, LLP as legal counel and M3 Advisory Partners, LP as
financial advisor.


GREELEY LAND: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Greeley Land, LLC
        180 Avenida La Pata
        2nd Floor
        San Clemente, CA 92673

Business Description: Greeley Land is an apartment building
                      operator.

Chapter 11 Petition Date: December 13, 2022

Court: United States Bankruptcy Court
       District of Colorado

Case No.: 22-14864

Judge: Hon. Michael E. Romero

Debtor's Counsel: Amalia Y. Sax-Bolder, Esq.
                  BROWNSTEIN HYATT FARBER SCHRECK, LLP
                  410 Seventeenth Street, Suite 2200
                  Denver, CO 80202
                  Tel: (303) 223-1100
                  Email: asax-bolder@bhfs.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Patrick Nelson, member, Nelson Partners,
LLC, the Member and Manager of Greeley land, LLC.

A full-text copy of the petition is available for free at
PacerMonitor.com at:

https://www.pacermonitor.com/view/J223HCA/Greeley_Land_LLC__cobke-22-14864__0001.0.pdf?mcid=tGE4TAMA

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount

1. Broken Bow                        Suppliers or         $135,813
P.O. Box 233                           Vendors
Pierce, CO 80650
Tel: 970-815-0955

2. Blake Solutions, Inc.             Suppliers or         $119,646
7985 Courtyard                         Vendors
Plaza STE 101
Memphis, TN 38119
Tel: (901) 380-4675

3. Nelson Partners                   Professional          $99,190
Construction Management                Services
3195 S Main Street
Suite 275
Salt Lake City, UT 84115
Tel: (832) 755-0599
Email: Patrick@nelsonpartners.com

4. Winsupply                         Suppliers or          $66,351
1979 2nd Ave                           Vendors
Greeley, CO 80631
Tel: (970) 356-0404

5. Omar Garcia                       Suppliers or          $42,075
3403 Cove Way                           Vendors
Evans, CO 80620

6. Alpine Gardens                    Suppliers or          $37,400
7029 S College Ave                      Vendors
Fort Collins, CO 80525
Tel: (970) 226-2296

7. Life Safety Tech                  Suppliers or          $23,204
3054 Lake Canal Ct                      Vendors
# 100
Fort Collins, CO 80524
Tel: (970) 493-3206

8. L & L Insulation                  Suppliers or          $19,355
401 N Link Ln                          Vendors
Fort Collins, CO 80524

9. J&S Building                      Suppliers or          $15,657
Maintenance, Inc.                      Vendors
7400 E Slauson Avenue
Unit 3W
Los Angeles, CA 90040
Tel: (833) 463-0227

10. Pivotal Property Solution        Suppliers or          $13,925
10817 Bluegrass Pkwy                   Vendors
Louisville, KY 40299
Tel: (502) 491-5445

11. L & L Acoustical                 Suppliers or          $12,287
401 N Link Ln                          Vendors
Fort Collins, CO 80524
Tel: (970) 221-3139

12. IQ Machines                      Suppliers or          $11,877
2559A Brandt                           Vendors
School
RD Ste 203
Wexford, PA
15090-7670

13. Made in the Shade                Suppliers or          $11,581
5891 Last Pointe Dr                    Vendors
Windsor, CO 80550
Tel: (970) 686-5240

14. Nelson Partners Property         Suppliers or          $10,484
Management                             Vendors
180 Avenida La
Pata, 2nd Floor
San Clemente, CA 92673
Patrick Nelson
Tel: (949) 916-7300
Email: Patrick@nelsonpartners.com

15. I & A Concrete                  Suppliers or           $10,462
2416 West 25th                        Vendors
Street
Greeley, CO 80634

16. Del's Masonry                   Suppliers or            $9,097
20 Gay St                             Vendors
Longmont, CO 80501
Tel: (303) 443-3201

17. Architectural                   Suppliers or            $8,550
Workshop LLC                          Vendors
2 Kalamath Street
Denver, CO 80223
Tel: (303) 788-1717

18. Xcel Energy                     Suppliers or            $8,527
PO Box 9477                            Vendors
Minneapolis, MN
55484-9477
Tel: (800) 481-4700
Email: Customerservice@xcelenergy.com

19. Freedom Fire                    Suppliers or            $8,521
4026 Mulligan St                      Vendors
Longmont, CO 80504
Tel: (303) 827-2060

20. Colorado Crete                  Suppliers or            $8,075
4960 Locust St                        Vendors
Commerce City, CO
80022
Tel: (303) 227-0777


GROM SOCIAL: Closes $5 Million Public Offering
----------------------------------------------
Grom Social Enterprises, Inc. has closed its previously announced
underwritten public offering of 1,415,682 units at a price to the
public of $2.89 per Unit and 314,422 pre-funded units at a price to
the public of $2.889 per Pre-Funded Unit for aggregate gross
proceeds of approximately $5.0 million, prior to deducting
underwriting discounts, commissions, and other estimated offering
expenses.  Each Unit consisted of one share of common stock and two
warrants, each to purchase one share of common stock for $2.89 per
share immediately until the fifth anniversary of the issuance date.
Each Pre-Funded Unit consisted of one pre-funded warrant and two
warrants identical to the warrants included in the Units.  The
pre-funded warrants are exercisable for one share of common stock
for $0.001 per share immediately until all of the pre-funded
warrants are exercised.

In addition, the Company granted the underwriters a 45-day option
to purchase up to an additional 259,515 Units or Pre-Funded Units
solely to cover over-allotments, if any, less underwriting
discounts and commissions.  On Dec. 12, 2022, the underwriters
exercised the option to purchase an additional 495,602 warrants.

The Company intends to use the net proceeds from this offering for
general corporate purposes, which may include marketing and
advertising, acquisitions and strategic partnerships, research and
development of original content and technology, expansion of its
intellectual property portfolio by investment, and other working
capital and general corporate purposes.

EF Hutton, division of Benchmark Investments, LLC, acted as sole
book running manager and representative of the underwriters for the
offering.  Lucosky Brookman LLP acted as legal counsel to the
Company and Carmel, Milazzo & Feil LLP acted as legal counsel to
underwriters for the offering.

The offering was conducted pursuant to the Company's registration
statement on Form S-1, as amended (File No. 333-268278), previously
filed with the Securities and Exchange Commission that was declared
effective by the SEC on Dec. 8, 2022.

The offering was made only by means of a prospectus supplement and
accompanying prospectus.  The final prospectus supplement and
accompanying base prospectus relating to the securities being
offered in the offering were filed with the SEC on Dec. 12, 2022.

                         About Grom Social

Boca Raton, Florida-based Grom Social Enterprises, Inc. --
www.gromsocial.com -- is a media, technology and entertainment
company focused on delivering content to children under the age of
13 years in a safe secure Children's Online Privacy Protection Act
("COPPA") compliant platform that can be monitored by parents or
guardians.

Grom Social reported a net loss of $10.22 million for the year
ended Dec. 31, 2021, a net loss of $5.74 million for the year ended
Dec. 31, 2020, and a net loss of $4.59 million for the year ended
Dec. 31, 2019.  As of Sept. 30, 2022, the Company had $33.10
million in total assets, $9.11 million in total liabilities, and
$23.99 million in total stockholders' equity.


GRUBB & ELLIS: McNair & Roehrenbeck Summary Judgment Bid Granted
----------------------------------------------------------------
In the case styled G&E Real Estate, Inc., Plaintiff, v. Bruce B.
McNair and David Roehrenbeck, Defendants, Civil Action No. 14-0418
(CKK), (D.C.), District Judge Colleen Kollar-Kotelly of the
District Court of Columbia grants the Motion for Summary Judgment
filed by Bruce B. McNair and David Roehrenbeck.

On Oct. 15, 2013, the Plaintiff G&E Real Estate, Inc. (doing
business as Newmark), filed a complaint against the Defendants
Avison Young - Washington D.C. LLC, Analytic Services, Inc
("ANSER"), Bruce B. McNair, Joseph F. Peyton, and David Roehrenbeck
in the U.S. District Court for the Eastern District of Virginia.
G&E's initial complaint contained ten counts against the various
defendants arising out of Avison Young's allegedly improper
decision to enter into a tenant-representation agreement with
ANSER. After various procedural maneuverings, G&E filed its first
amended complaint on Dec. 23, 2013. The case was subsequently
transferred to this Court on March 14, 2014.

McNair is a former employee of Plaintiff's corporate forbear, Grubb
& Ellis ("G&E") and is currently an employee of Avison Young, a
competing real estate brokerage. Roehrenbeck is also a former
employee of Plaintiff's corporate forbear and works with McNair at
Avison Young. G&E was a national real estate brokerage service
which filed for Chapter 11 bankruptcy on Feb. 20, 2012. BGC
Partners, Inc. is a New York-based company, which purchased certain
assets of G&E during bankruptcy.

ANSER had entered into a tenant-representation agreement with G&E
which recognized G&E as ANSER's exclusive real estate
representative. The Plaintiff alleges that, during that time,
McNair collaborated with staff at Avison Young to divert the ANSER
business to Avison Young, in violation of McNair's contractual
obligations to G&E. This collaboration included both McNair and
Roehrenbeck allegedly misappropriating G&E's confidential
information to facilitate the transition of the ANSER business from
G&E to Avison Young.

After G&E filed for bankruptcy on February 20, it failed to assume
the tenant-representation agreement with ANSER, thus waiving any
rights it or its bankruptcy estate had to enforce the contract.
Subsequently, on April 11, 2012, ANSER entered into a
tenant-representation agreement with Avison Young. Thereafter,
ANSER entered into a lease for a property and paid Avison Young a
commission of $1.22 million for its services locating the property
and closing the deal. The Plaintiff maintains that it is legally
due this Commission.

In April 2012, BGC purchased "substantially all" of G&E's
bankruptcy estate. BGC then executed an assignment of claims with
the Plaintiff, upon which the Plaintiff now bases its standing to
bring the present action. The Plaintiff seeks damages no less than
$600,00 for the commission wrongfully paid to Avison Young in
connection with the June ANSER lease, and disgorgement of sums
wrongfully paid to McNair as a result of his multiple breaches of
fiduciary duty in an amount no less than $1.6 million.

In its Complaint, the Plaintiff bases its right to the Commission
on a contract executed between the Plaintiff and BGC -- the
"Assignment to Claims." The Court agrees with the Plaintiff that
the Assignment of Claims conveys a right to recover the Commission
under a breach-of-contract theory, but it does not permit recovery
on a claim of breach of fiduciary duty.

Insofar as the Plaintiff grounds a right to the Commission in its
breach of fiduciary duty claim, that claim fails. The Court
explains that the G&E bankruptcy estate "owned" the claim when BGC
purchased the G&E bankruptcy estate because G&E's
breach-of-contract claim accrued before bankruptcy. However, any
claim of breach of fiduciary duty accrued after G&E filed its
bankruptcy petition. It is uncontested that McNair did not
successfully divert the business to Avison Young, or receive the
Commission, until June 2012, months after G&E filed for bankruptcy.
Essentially, G&E's claim did not accrue until post-petition. The
Court concludes that BGC could not purchase a claim of breach of
fiduciary duty from the G&E bankruptcy estate, so BGC could not
assign that claim to Plaintiff (or any other entity). Therefore,
the Plaintiff's fiduciary-duty claim fails as a matter of law.

Likewise, the Plaintiff's breach-of-contract theory, also fails as
a matter of law. The Court finds that the Defendants' efforts to
steal the ANSER business (in breach of their employment contracts)
began well before G&E filed for bankruptcy. The Defendants then
terminated their employment with G&E with Adequate Justification
and began working for Avison Young on Feb. 13, 2012. To the extent
Defendants' breach of their employment contract caused the loss of
the Commission, they are entitled to the Commission as their
measure of damages. However, when G&E filed for bankruptcy, it
failed to assume the tenant-representation agreement, thereby
materially breaching it. After G&E breached the
tenant-representation agreement, ANSER paid the Defendants, as
employees at Avison Young, a Commission for their services in June
2012. Thus, G&E's breach of the tenant-representation agreement
serves as an "efficient intervening cause" sufficient to defeat a
finding of proximate causation between the Defendants' breach of
contracts and the diversion of the ANSER commission -- G&E
forfeited its rights through this breach. The Court finds and
concludes that the Plaintiff cannot show that any breach on the
part of the Defendants proximately caused G&E to lose the
Commission due under the terminated tenant-representation
agreement.

As such, the Court concludes that although Defendants' breach may
have caused some injury, G&E's subsequent conduct served as an
intervening cause which sealed that loss. Because Defendants'
breach did not proximately cause G&E's loss of the Commission, the
Assignment of Claims affords Plaintiff no ability to recover the
Commission on its breach-of-contract theory. The Court notes that
while Plaintiff might be entitled to an award of nominal damages if
it can prove the breach of contract claim, it lacks standing to do
so given that the Assignment of Claim only provides it standing for
the Commission. That Plaintiff cannot reasonably establish that
Defendants' breach of contract proximately caused the loss of the
Commission is fatal to its standing to bring the breach of contract
claim in its entirety.

Finally, fearing that the Court might conclude that the Plaintiff
lacks standing as to its breach-of-contract theory as well, the
Plaintiff asks in the alternative for leave to file, a third
amended complaint. The Court need not reach the question of
futility because all other factors weigh against permitting a
supplemental pleading. To afford Plaintiff to file another
supplemental pleading would extend this litigation -- that has
already lasted nearly nine years -- is not appropriate.
Accordingly, the Court concludes that the Plaintiff does not
warrant leave to file a supplemental pleading in its effort to
avoid an adverse summary judgment ruling.

A full-text copy of the Memorandum Opinion dated December 1, 2022,
is available at https://tinyurl.com/3v4mmxwh from Leagle.com.

                       About Grubb & Ellis

Grubb & Ellis Company -- http://www.grubb-ellis.com/-- was a
commercial real estate services and property management company
with more than 3,000 employees conducting throughout the United
States and the world.  It was one of the oldest and most recognized
brands in the industry.

Grubb & Ellis and 16 affiliates filed for Chapter 11 bankruptcy
(Bankr. S.D.N.Y. Lead Case No. 12-10685) on Feb. 21, 2012, to sell
almost all its assets to BGC Partners Inc.  The Santa Ana,
California-based company disclosed $150.16 million in assets and
$167.2 million in liabilities as of Dec. 31, 2011.

Judge Martin Glenn presided over the case.  The Debtors engaged
Togut, Segal & Segal, LLP as general bankruptcy counsel, Zuckerman
Gore Brandeis & Crossman, LLP, as general corporate counsel, and
Alvarez & Marsal Holdings, LLC, as financial advisor.  Kurtzman
Carson Consultants served as the claims and notice agent.

BGC Partners, Inc., and its affiliate, BGC Note Acquisition Co.,
L.P., the DIP lender and Prepetition Secured Lender, were
represented in the case by Emanuel C. Grillo, Esq., at Goodwin
Procter LLP.

On March 27, 2012, the Court approved the sale to BCG.  An auction
was cancelled after no rival bids were submitted.  Pursuant to the
term sheet signed by the parties, BGC would acquire the assets for
$30.02 million, consisting of a credit bid the full principal
amount outstanding under the (i) $30 million credit agreement dated
April 15, 2011, with BGC Note, (ii) the amounts drawn under the
$4.8 million facility, and (iii) the cure amounts due to
counterparties.  BGC would also pay $16 million in cash because the
sale was approved by the March 27 deadline.  Otherwise, the cash
component would have been $14 million.

Approval of the sale was simplified when BGC settled with unsecured
creditors by increasing their recovery.  Grubb & Ellis Co. was
renamed Newmark Grubb Knight Frank following the sale.

Grubb & Ellis filed a liquidating Chapter 11 plan which gives
unsecured creditors an expected recovery between 1.7% and 4.7%. The
Court approved the explanatory disclosure materials in January
2013, and confirmed the Plan on March 6.  The Plan was declared
effective early in April 2013.


HEIRBNB LLC: Case Summary & Seven Unsecured Creditors
-----------------------------------------------------
Debtor: HEIRBNB, LLC
        113 Bluegrass Cir
        Hendersonville, TN 37075

Chapter 11 Petition Date: December 14, 2022

Court: United States Bankruptcy Court
       Middle District of Tennessee

Case No.: 22-04015

Judge: Hon. Charles M. Walker

Debtor's Counsel: Steven L. Lefkovitz, Esq.
                  LEFKOVITZ & LEFKOVITZ
                  908 Harpeth Valley Place
                  Nashville, TN 37221
                  Tel: 615-256-8300
                  Fax: 615-255-4516
                  Email: slefkovitz@lefkovitz.com

Total Assets: $2,525

Total Liabilities: $1,099,032

The petition was signed by Kate Carson as owner.

A full-text copy of the petition containing, among other items, a
list of the Debtor's seven unsecured creditors is available for
free at PacerMonitor.com at:

https://www.pacermonitor.com/view/LUU7R4I/HEIRBNB_LLC__tnmbke-22-04015__0001.0.pdf?mcid=tGE4TAMA


HEXION HOLDINGS: XAI OFRAITT Marks 2029 Loan at 15% Off
-------------------------------------------------------
XAI Octagon Floating Rate & Alternative Income Term Trust has
marked its $850,455 loan extended to Hexion Holdings Corp. to
market at $722,036, or 85% of the outstanding amount, as of
September 30, 2022, according to a disclosure contained in XAI
OFRAITT's Form N-CSR for the fiscal year ended September 30, filed
with the Securities and Exchange Commission on December 1.

XAI OFRAITT extended a Senior Secured First Lien Loan to Hexion.
The loan currently has an interest rate of 7.41% (3M SOFR + 4.50%)
and is scheduled to mature on March 15, 2029.

XAI OFRAITT is a diversified, closed-end management investment
company. The Trust seeks attractive total return with an emphasis
on income generation across multiple stages of the credit cycle.

Hexion is a global producer of adhesives and performance materials
that enable the production of engineered wood products.



HUNTER DOUGLAS: XAI OFRAITT Marks $2.25M Loan at 18% Off
--------------------------------------------------------
XAI Octagon Floating Rate & Alternative Income Term Trust has
marked its $2,252,086 loan extended to Hunter Douglas Inc to market
at $1,843,332, or 82% of the outstanding amount, as of September
30, 2022, according to a disclosure contained in XAI OFRAITT's Form
N-CSR for the fiscal year ended September 30, filed with the
Securities and Exchange Commission on December 1.

XAI OFRAITT extended a Senior Secured First Lien Loan to Hunter
Douglas Inc. The loan currently has an interest rate of 5.53% (3M
SOFR + 3.50%) and is scheduled to mature on December 28, 2027.

XAI OFRAITT is a diversified, closed-end management investment
company. The Trust seeks attractive total return with an emphasis
on income generation across multiple stages of the credit cycle.

Hunter Douglas Inc. manufactures building products. The Company
provides different types of window fashions like shades, sheers,
honeycombs, blinds, and shutters.



IFRESH INC: Board Elects Wenbin Mu as Co-CEO
--------------------------------------------
The Board of Directors of iFresh, Inc. elected Mr. Wenbin Mu to be
a co-CEO of the Company, according to a Form 8-K filed by the
Company with the Securities and Exchange Commission.  

The current CEO Ms. Ping Zhou will continue to be a co-CEO of the
Company.  Mr. Mu continues to be a director of the Company.

                           About iFresh Inc.

Headquartered in Long Island City, New York, iFresh Inc. --
http://www.ifreshmarket.com-- is an Asian American grocery
supermarket chain and online grocer on the east coast of U.S.  With
eight retail supermarkets along the US eastern seaboard (with
additional stores in Connecticut opening soon), and one in-house
wholesale business strategically located in cities with a highly
concentrated Asian population, iFresh aims to satisfy the
increasing demands of Asian Americans (whose purchasing power has
been growing rapidly) for fresh and culturally unique produce,
seafood and other groceries that are not found in mainstream
supermarkets.  The Company has an in-house proprietary delivery
network, online sales channel and strong relations with farms that
produce Chinese specialty vegetables and fruits.

iFresh Inc. reported a net loss of $8.29 million for the year ended
March 31, 2020, compared to a net loss of $12 million for the year
ended March 31, 2019. As of Dec. 31, 2020, the Company had $131.62
million in total assets, $110.33 million in total liabilities, and
$21.29 million in total shareholders' equity.

Friedman LLP, in New York, the Company's auditor since 2016, issued
a "going concern" qualification in its report dated Aug. 13, 2020,
citing that the Company has incurred significant operating losses,
has negative working capital of $28.6 million and is not in
compliance with its credit agreement.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


IMPERVA INC: XAI OFRAITT Marks $403,300 Loan at 16% Off
-------------------------------------------------------
XAI Octagon Floating Rate & Alternative Income Term Trust has
marked its $403,309 loan extended to Imperva Inc to market at
$337,167, or 84% of the outstanding amount, as of September 30,
2022, according to a disclosure contained in XAI OFRAITT's Form
N-CSR for the fiscal year ended September 30, filed with the
Securities and Exchange Commission on December 1.

XAI OFRAITT extended a Senior Secured First Lien Loan to  Imperva
Inc. The loan currently has an interest rate of 6.92% (3M US L +
4.00%) and is scheduled to mature on January 12, 2026.

XAI OFRAITT is a diversified, closed-end management investment
company. The Trust seeks attractive total return with an emphasis
on income generation across multiple stages of the credit cycle.

Imperva, Inc. develops protection software and services for
databases and business applications. The Company offers data
security, monitoring, and web application security to the energy,
financial services, government, healthcare, insurance, retail, and
e-commerce industries.



INKSTER, MI: S&P Lowers Long-Term GO Debt Rating to 'BB'
--------------------------------------------------------
S&P Global Ratings lowered its long-term rating and underlying
rating (SPUR) to 'BB' from 'BB+' on Inkster, Mich.'s general
obligation bonds. The rating action applies to debt issued by tax
increment debt issued by the Inkster Tax Increment Financing
Authority and the Inkster Brownfield Redevelopment Authority, which
carry the city's GO pledge as a backstop. The outlook is negative.

"The rating action reflects our view of ongoing uncertainty
regarding Inkster's financial position, including unaddressed
structural balance and retirement liability pressures," said S&P
Global Ratings credit analyst Randy Layman.

The negative outlook reflects S&P's view of at least a one-in-three
chance that it could lower the rating further if the structural
imbalance worsens or should the liquidity position significantly
deteriorate.

Environmental, social, and governance (ESG) credit factors for this
change in credit rating/outlook and/or CreditWatch status:

-- Risk management and internal controls



INTRADO CORP: XAI OFRAITT Marks $208,500 Loan at 15% Off
--------------------------------------------------------
XAI Octagon Floating Rate & Alternative Income Term Trust has
marked its $208,535 Initial B loan extended to Intrado Corp to
market at $178,076, or 85% of the outstanding amount, as of
September 30, 2022, according to a disclosure contained in XAI
OFRAITT's Form N-CSR for the fiscal year ended September 30, filed
with the Securities and Exchange Commission on December 1.

XAI OFRAITT extended a Senior Secured First Lien Loan to Intrado
Corp. The loan currently has an interest rate of 7.12% (1M US L +
4.00%) and is scheduled to mature on October 10, 2024

XAI OFRAITT is a diversified, closed-end management investment
company. The Trust seeks attractive total return with an emphasis
on income generation across multiple stages of the credit cycle.

Intrado is a global provider of technology, communication and
network infrastructure services.



IRON MOUNTAIN: S&P Affirms 'BB-' ICR, Outlook Stable
----------------------------------------------------
S&P Global Ratings affirmed its ratings on Boston, Mass.-based data
storage and services business Iron Mountain Inc. (IRM), including
its 'BB-' issuer credit rating and maintained its stable outlook on
the rating.

S&P said, "The stable outlook reflects our view that the business
can support modest incremental leverage above 6x for the current
rating if it continues to grow at a double-digit percent rate
across its global records management, data storage, and asset
lifecycle management businesses, and uses the elevated capital
spending primarily to fund stable, pre-leased data center growth.

"The affirmation reflects our expectation that IRM can sustain
double-digit percent EBITDA growth over the next three years, which
will fund its elevated growth investment plan and keep adjusted
leverage at about 6x in 2023 and 2024.IRM announced its Project
Matterhorn growth plan in September, which includes $4 billion of
growth capital spending over the course of 2023 to 2026. Two thirds
to three quarters of the spending will go toward the company's
fast-growing data center business, which we expect will continue to
grow more than 20% per year during that period. Project Matterhorn
will also fund a common sales platform across the company's three
business lines: global records management, data centers, and asset
lifecycle management. In addition to the $4 billion of capital
expenditures (capex) associated with the plan, IRM expects about
$150 million of additional annual one-time operating expenses from
2023 to 2025. While the added operating costs will constrain S&P
Global Ratings-adjusted EBITDA and the additional capex will weaken
the company's cash flow metrics for the next few years, we believe
these investments will improve growth prospects and earnings
diversity.

"The stable outlook reflects our view that the business can support
modest incremental leverage above 6x for the current rating if it
continues to grow at a double-digit percent rate across its global
records management, data storage, and asset lifecycle management
businesses, and it uses the elevated capex primarily to fund
stable, pre-leased data center growth.

"We could lower our ratings if IRM's EBITDA growth decelerates and
the company does not pull back on growth investments, resulting in
adjusted leverage approaching 6.5x."

This could occur if:

-- Data center buildouts face delays or rising input costs that
limit segment EBITDA growth;

-- The company pursues a more aggressive financial policy to fund
both its growth investments and dividend with incremental debt that
exceeds their target leverage range; or

-- Global records storage volumes significantly decline and IRM is
unable to pass through price increases

S&P views an upgrade of IRM as unlikely given the company's
dividend payout requirements and planned growth investments, which
decrease the likelihood of debt repayment.

The most likely path to an upgrade would involve:

-- Issuing equity to reduce its lease-adjusted leverage; and

-- Demonstrating a commitment to sustaining adjusted leverage
comfortably below 5x.

ESG credit indicators: E-2, S-2, G-2



IVS COMM: Court OKs Access to $73,355 of Cash Collateral
--------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Michigan,
Southern Division, authorized IVS Comm, Inc. to use cash collateral
on an interim basis in the maximum amount of $73,355.

The Debtor requires these funds to pay expenses to maintain
operations.

The Debtor will provide adequate protection in continued monthly
payments as follows:

     a. Key Bank: $135,982 @ 5.2%: $589.26 monthly.
     b. Breakout Capital: $146,789 @ 6% $731.13 monthly.
     c. Simple Equities, LLC: $28,468 @ 9% $213.51.

As further adequate protection, Keybank, Breakout Capital, Simple
Equities, LLC, and Spark Funding, LLC are granted a security
interest and replacement liens in the Debtor's post-petition
property to the same extent, validity and priority as they held
pre-petition and to the extent the use of cash collateral results
in a diminution in value of property in which they have an interest
(11 U.S.C. section 361(2), provided however, that any causes of
action brought under Chapter 5 of the Bankruptcy Code and the
proceeds thereof are excluded from the pre- and post-petition
collateral of all creditors.

The terms of the Order and the replacement liens provided for are
subject to a carve-out or subordination of fees, which may become
payable to the Subchapter V Trustee upon conclusion of the case. To
insure the payment of these fees, the Debtor will include a line
item expense in its cash projections for the Subchapter V trustee
in the sum of $1,500 per month to be applied toward payment of
allowed fees and expenses of the Subchapter V trustee.

A final hearing on the matter is set for December 27 at 11 a.m.
Objections are due December 27. If no objections are timely filed
to the Order, it will become a final Order, and Debtor will be
authorized to use cash and accounts, and proceeds thereof, as
generated by Debtor for post-petition sales and services, in the
maximum amount of $117,409 monthly in accordance with the Debtor's
15-week budget and projections.

A copy of the order is available at https://bit.ly/3FROVMB from
PacerMonitor.com.

                   About IVS Comm, Inc.

IVS Comm is a provider of cloud communication services for small to
medium size companies that need the functionality and quality
offered to large companies at an affordable cost.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. Mich. Case No. 22-49513) on December
5, 2022. In the petition signed by Richard Marc Browning,
president, the Debtor disclosed up to $1 million in assets and up
to $10 million in liabilities.

Donald C. Darnell, Esq., at Darnell Law Office, is the Debtor's
counsel.


IXS HOLDINGS: XAI OFRAITT Says Value of $1.6-Mil. Loan Down 19%
---------------------------------------------------------------
XAI Octagon Floating Rate & Alternative Income Term Trust has
marked its $1,623,800 loan extended to IXS Holdings, Inc to market
at $1,308,519, or 81% of the outstanding amount, as of September
30, 2022, according to a disclosure contained in XAI OFRAITT's Form
N-CSR for the fiscal year ended September 30, filed with the
Securities and Exchange Commission on December 1.

XAI OFRAITT extended a Senior Secured First Lien Loan to IXS
Holdings, Inc. The loan currently has an interest rate of 7.82% (3M
US L + 4.25%), and is scheduled to mature on March 5, 2027.

XAI OFRAITT is a diversified, closed-end management investment
company. The Trust seeks attractive total return with an emphasis
on income generation across multiple stages of the credit cycle.

IXS Holding, Inc., headquartered in Huntsville, AL, is a parent
company of Innovative Accessories & Services LLC. Through its
subsidiaries, IXS provides protective coatings for pick-up truck
beds, as well as a wide range of other up-fit services and
accessories to automotive manufacturers.



JO-ANN STORES: XAI OFRAITT Marks $1.1-Mil. Loan at 35% Off
----------------------------------------------------------
XAI Octagon Floating Rate & Alternative Income Term Trust has
marked its $1,115,522 loan extended to Jo-Ann Stores LLC to market
at $721,955 or 65% of the outstanding amount, as of September 30,
2022, according to a disclosure contained in XAI OFRAITT's Form
N-CSR for the fiscal year ended September 30, filed with the
Securities and Exchange Commission on December 1.

XAI OFRAITT extended a Senior Secured First Lien Loan to Jo-Ann
Stores LLC. The loan currently has an interest rate of 7.52% (3M US
L + 4.75%) and is scheduled to mature on July 7, 2028.

XAI OFRAITT is a diversified, closed-end management investment
company. The Trust seeks attractive total return with an emphasis
on income generation across multiple stages of the credit cycle.

Jo-Ann Stores, LLC retails fabric and craft products. The Company
offers apparel, home decorating fabrics, notions, seasonal
accessories, floral, and framing products. Jo-Ann Stores serves
customers throughout the United States.



JOYCARE THERAPY: Unsecureds to Split $50K in Subchapter V Plan
--------------------------------------------------------------
Joycare Therapy, LLC, filed with the U.S. Bankruptcy Court for the
Southern District of Texas a Small Business Plan of Reorganization
under Subchapter V dated December 8, 2022.

Joycare is a prescribed pediatric extended care center ("PPECC")
licensed by the Texas Department of Health and Human ("HHS").
Joycare is located at 6440 Sands Point Dr., Houston, TX 7707.

Joycare expended more than $1 million in renovating its facility,
obtaining the PPECC license, marketing new services, and obtaining
payor contracts with Medicaid payors. Unfortunately, Joycare
operated at a loss and could not sustain operations.

Joycare ceased providing services to children in September of 2022
and therefore does not have any incoming revenue other than the
collection of prior billed services. However, Joycare seeks to
restart its operations under a management agreement and then new
ownership and continue to provide the needed services for the
children in the Houston area.

The Debtor has no ability at this time to re-start operations or
operate without the Management Agreement with Pediatric Holdings,
LLC ("PHLLC") and without funds from PHLLC. PHLLC has agreed to
enter into the Management Agreement and provide funding only
pursuant to the terms of the Management Agreement and only if a
plan of reorganization is confirmed that is acceptable in form and
substance to PHLLC, and pursuant to which PHLLC becomes the sole
owner of Joycare, free and clear of all claims and liens of
Joycare.

To allow the immediate re-start of the business during the pendency
of this case, Joycare and PHLLC have entered into a management
agreement (the "Management Agreement") pursuant to which PHLLC has
agreed to fund and manage the operations of the Debtor until
confirmation of this Plan, unless terminated earlier pursuant to
its terms. Although PHLLC will not be providing care to any
patients during the case (that care will continue to be provided by
the Debtor), the Management Agreement, if authorized by the
Bankruptcy Court, will allow the Debtor to open its doors again
during this Case, and to provide much needed pediatric care in
Houston.

Notably, the Management Agreement is not effective until this Court
considers and approves the terms thereof. As a result, the Debtor
has or will soon file a motion to assume the Management Agreement
within the first few days of this case. Upon confirmation of this
Plan, the Management Agreement would be terminated, and PHLLC would
become the sole owner and operator of Joycare.

This Plan if confirmed provides the opportunity for Joycare to re
start operations under new ownership, with little to no debt after
confirmation, and to provide very needed and useful services to
children and their parents in the Houston area. While other
companies may be starting similar operations in Houston, the time
within which such companies may start will probably be much longer
into the future. Joycare has the licenses and ability to re-start
operations immediately. Further, this Plan does provide a return to
creditors, including to the general unsecured creditors in Class 5.


Class 5 consists of all other non-priority unsecured claims. The
Debtor believes the aggregate amount of Class 5 claims is
approximately $2.3 million. On the Effective Date, Joycare will
fund an "Unsecured Creditors Payment Pool" to the Subpart V Trust
in the amount of $50,000. Within 5 business days of the later of
(1) the bar date, (2) the Effective Date, or (3) the date by which
claims for rejected executory contracts must file a claim, the
Subpart V Trustee will pay all allowed Class 5 claims a pro rata
amount of the Unsecured Creditors Payment Pool, calculated based on
the aggregate amount of all allowed Class 5 claims.

Class 6 consists of the equity security holders of the Debtor.
Current equity security holders will receive no value on account of
their equity interests in the Debtor, and the current equity
interests in the Debtor will be cancelled and of no further force
or effect. New equity interests in Joycare will be distributed to
PHLLC, which will own 100% of Joycare following the Effective
Date.

Debtor will retain the property of the bankruptcy estate. In order
to re-start operations, the Debtor has entered into the Management
Agreement with PHLLC. PHLLC will be responsible for the management
of the operations of Joycare prior to the Effective Date. As of the
Effective Date, the equity of Joycare will be issued to PHLLC, and
PHLLC shall be solely responsible for the operation of the business
thereafter.  

PHLLC has agreed to provide funds to Joycare for the payment of
administrative claims up to $150,000 and the funding of the
Unsecured Creditors Payment Pool for payments to general unsecured
creditors. After the Effective Date, the reorganized Debtor, under
the ownership of PHLLC, shall be responsible for payments to the
Class 1 (JPMorgan Chase) and Class 2 (Ally), in accordance with the
terms of this Plan. The Debtor may also elect to pay other amounts
in advance.

A full-text copy of the Subchapter V Plan dated December 8, 2022,
is available at https://bit.ly/3Ppn1ea from PacerMonitor.com at no
charge.

Debtor's Counsel: Reese W. Baker, Esq.
                  BAKER & ASSOCIATES
                  950 Echo Ln Ste 300
                  Houston, TX 77024-2824
                  Email: courtdocs@bakerassociates.net

                       About Joycare Therapy

Joycare Therapy, LLC is a child health care centre in Houston,
Texas. The Debtor filed Chapter 11 Petition (Bankr. S.D. Tex. Case
No. 22-33581) on December 2, 2022.

Hon. Eduardo V. Rodriguez oversees the case. Reese W. Baker, Esq.
of BAKER & ASSOCIATES is the Debtor's Counsel.

In the petition signed by Huan Le, president, the Debtor disclosed
$50,000 to $100,000 in assets and $1 million to $10 million in
liabilities.


K&L EXCAVATING: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: K&L Excavating LLC
        198 Little Salt Creek Run
        Bedford, IN 47421

Business Description: The Debtor is a privately owned excavating
                      contractor.

Chapter 11 Petition Date: December 14, 2022

Court: United States Bankruptcy Court
       Southern District of Indiana

Case No.: 22-91144

Judge: Hon. Andrea K. Mccord

Debtor's Counsel: John Allman, Esq.
                  HESTER BAKER KREBS LLC
                  One Indiana Sq Suite 1330
                  Indianapolis, IN 46204
                  Tel: 317-833-3030
                  Email: jallman@hbkfirm.com

Estimated Assets: $50,000 to $100,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Kenneth D. Martin II as member.

The Debtor failed to include in the petition a list of its 20
largest unsecured creditors.

A full-text copy of the petition is available for free at
PacerMonitor.com at:

https://www.pacermonitor.com/view/CP2QNEY/KL_Excavating_LLC__insbke-22-91144__0001.0.pdf?mcid=tGE4TAMA


LHS BORROWER: XAI OFRAITT Says Value of $913,400 Loan Off 19%
-------------------------------------------------------------
XAI Octagon Floating Rate & Alternative Income Term Trust has
marked its $913,461 loan extended to LHS Borrower LLC to market at
$739,903, or 81% of the outstanding amount, as of September 30,
2022, according to a disclosure contained in XAI OFRAITT's Form
N-CSR for the fiscal year ended September 30, filed with the
Securities and Exchange Commission on December 1.

XAI OFRAITT extended a Senior Secured First Lien Loan to LHS
Borrower LLC.  The loan currently has an interest rate of 7.88% (1M
SOFR + 4.75%) and is scheduled to mature on February 16, 2029.

XAI OFRAITT is a diversified, closed-end management investment
company. The Trust seeks attractive total return with an emphasis
on income generation across multiple stages of the credit cycle.

LHS Borrower, LLC, a wholly owned subsidiary of Leaf Home
Solutions, LLC, is a direct-to-consumer home solutions platform
serving underserved markets with innovative home safety and
improvement solutions throughout the United States and Canada. Leaf
Home Solutions, LLC was purchased through an LBO by Gridiron
Capital in 2016.



LIGHTBOX ENTERPRISES: Gets CCAA Initial Stay Order; E&Y as Monitor
------------------------------------------------------------------
Lightbox Enterprises Ltd. filed a notice of intention to make a
proposal ("NOI") pursuant to section 50.4(1) of the Bankruptcy and
Insolvency Act ("BIA") and Ernst & Young Inc. ("EYI") was appointed
as Proposal Trustee of Lightbox.

On Nov. 24, 2022 the Supreme Court of British Columbia pronounced
an order ("Initial Order") pursuant to the Companies' Creditors
Arrangement Act (Canada)("CCAA").  Accordingly, Lightbox's
restructuring initially implemented under the BIA shall continue as
a proceeding under the CCAA.  Pursuant to the Initial Order, Ernst
& Young Inc. ("EYI") was appointed as Monitor.

The Initial Order granted Lightbox various relief including, among
other things, imposing an initial 10-day stay of proceedings
expiring on Dec. 4, 2022 ("Stay Period").  The Stay Period may be
extended as necessary pursuant to further order of the Court.

According to Court documents, Cannabis retail operations in Canada
have endured a challenging business climate as a result of the
industry being in its infancy and there being an oversaturation of
cannabis retail operations in certain markets. Like many other
cannabis retailers, Lightbox has been negatively impacted by this
challenging business climate.  Such challenges were compounded by
the COVID-19 pandemic, which had a significant impact on both sales
and operations.

The foregoing caused Lightbox to be unable to generate sufficient
sales from retail operations to cover costs, including related to
its rapid expansion.  In particular, the Company's profitability
was hindered by certain unprofitable and underperforming retail
locations, which prevented it from having the liquidity necessary
to make payments to its Secured Creditors under the Secured
Debentures.

Beginning in about 2021, and as further described below, Lightbox
undertook efforts to restructure its business, including by closing
unprofitable or underperforming stores and terminating leases for
locations that it had not yet obtained retail cannabis licenses.

In about 2021, Lightbox retained Kronos Capital Partners Inc.
("Kronos") and Canaccord Genuity Group Inc. ("Canaccord") to assist
in pursuing a combination of asset sales or other transactions to
aid in its restructuring and address its liquidity issues.  Since
commencing such efforts.  Lightbox has negotiated three asset
purchase agreements ("APAs") pursuant to which it intends to sell
to independent, third-party purchasers (a) two unprofitable store
locations in Kelowna and Lake Country; and (b) the assets related
to a now closed store location in Saskatoon ("Redundant Assets").

Despite the pending sale of the Redundant Assets and the Company's
efforts in concert with Kronos and Canaccord, the Company has been
unable to restructure so as to be in a position to meet its
obligations as they come due, or broker a sale of its operations en
bloc as a going concern.  With that said, and as discussed below,
such efforts have attracted interest in a restructuring transaction
from a number of prospective parties, which the Company intends to
develop under a SISP to be conducted in these CCAA Proceedings
should the Initial Order be granted.

Lightbox will continue to operate during the CCAA proceedings in
accordance with the terms of the Initial Order.  A copy of the
Initial Order and further documents related to the CCAA proceeding
can be found on the Monitor's website at
https://www.ey.com/ca/Lightbox.

Should you have further questions or require additional
information, please contact Mr. Jason Eckford at 604-648-3671 or
jason.eckford@parthenon.ey.com.

Counsel for Lightbox:

   McMillan LLP
   Royal Centre, Suite 1500
   1055 West Georgia Street
   Vancouver, BC V6E 4N7

   Daniel Shouldice
   Email: daniel.shouldice@mcmillan.ca
   Tel: 604-691-6858

   Kristine Jang
   Email: kristine.jang@mcmillan.ca

Trustee/Monitor can be reached at:

   Ernst & Young Inc.
   Oceanic Plaza, Suite 2300
   4066 West Hastings Street
   Vancouver, BC V6E 3X2

   Mike Bell
   Email: mike.bell@parthenon.ey.com
   Tel: 604-899-3566

   Jason Eckford
   Email: jason.eckford@parthenon.ey.com
   Tel: 604-648-3671

Counsel for Ernst & Young:

   Fasken Martineau DuMoulin LLP
   550 Burrard Street, Suite 2900
   Vancouver, BC V6C 0A3

   Kibben Jackson
   Email: kjackson@fasken.com
   Tel: 604-631-4789

   Glen Nesbitt
   Email: gnesbitt@fasken.com
   Tel: 604-631-4833

   Suzanne Volkow
   Email: svolkow@fasken.com

Lightbox is a cannabis retailer operating under the name "Dutch
Love".  It was incorporated as a British Columbia corporation in
2018, and has been operating since its inception.  Early on, the
Company expanded rapidly, at one point having 17 store locations
located in various provinces across Canada, including British
Columbia, Ontario, Saskatchewan, and Manitoba.


MACON DOOR: Creditors to Get Proceeds From Liquidation
------------------------------------------------------
Macon Door & Hardware, Inc., filed with the U.S. Bankruptcy Court
for the Middle District of Georgia a Subchapter V Plan of
Liquidation dated December 8, 2022.

MDH is a Georgia corporation formed on May 10, 2005 by Dan Pike.
MDH is a leading distributor of commercial doors and hardware in
Central Georgia and beyond.

The reason for filing the bankruptcy was due in large part to the
merchant credit advance company – Samson Hors – filing suit
against MDH in New York and sending a notice to MDH's customers
that payments should be redirected to the creditor and not MDH.
While the Debtor does not believe that any significant payments
were redirected by customers, many of the customers simply stopped
paying MDH. Of course, without a steady income stream, precious
cash was utilized for overhead, which created a downward spiral
resulting in the instant bankruptcy case.

In addition to the issues created by the lawsuit filed by Samson
Hors, MDH was simultaneously experiencing a delay in the supply
chain which resulted in MDH being unable to acquire necessary
materials and hardware to timely perform on a number of different
jobs, further inhibiting MDH's income stream.

This Plan provides for the liquidation of the Debtor's Assets, with
the proceeds being paid to Debtor's creditors in accordance with
the priority scheme established by the Bankruptcy Code. Such
payments will occur through sales or other Dispositions of the
Debtor's Assets (both encumbered and unencumbered). The Assets
include available cash, collection, and the liquidation proceeds of
Debtor's assets, including liquidation of the Debtor's personal
property, accounts receivable, other receivables, and possible
Avoidance Actions.

Administrative Expenses will be paid first, including the fees and
expenses of the Subchapter V Trustee and Debtor's Professionals.
Secured Claims shall receive cash equal to the allowed amount of
such Holder's Secured Claim from the sale of collateral securing
such claim. Priority Claims will be paid next. Then General
Unsecured Claims will be paid Pro Rata from any cash available for
distribution. If General Unsecured Claims are paid in full, any
remaining proceeds will be distributed to equity.

The purpose of this Plan is to liquidate the Debtor in an orderly
fashion that will permit it to pay the Allowed Claims as proposed
in this Plan. To that end, the Debtor proposes to remain in
business while it completes its remaining contracts and finds a
buyer for its assets. The Reorganized Debtor will continue to
operate its business utilizing the existing structure in place.
Such operation will provide sufficient income to cover the day-to
day and monthly operating costs.

Class 2 consists of the Secured Claims. Debtor shall market for
sale and endeavor to sell the non-cash collateral securing any such
Class 2 Claim under the Plan, free and clear of liens, claims, or
interests pursuant to 11 U.S.C. § 1123(b)(4), with such liens,
claims, or interests attaching to the proceeds of the sale and
Debtor and any Holder of such Class 2 Claim shall comply with 11
U.S.C. § 1142(b) with respect to the transfer of such non-cash
collateral free and clear of liens, claims, and interests. Net
Proceeds from the sale of such non-cash collateral will be first
paid to the Holder of such Class 2 Claim until such Allowed Class 2
Claim is satisfied in full and then in accordance with the priority
scheme established by the Bankruptcy Code.

If such non-cash collateral does not sell by the Closing Date, then
Debtor shall abandon such non-cash collateral to the respective
Holder of such Class 2 Claim in full satisfaction of such Allowed
Class 2 Claim, with such abandonment being deemed the indubitable
equivalent of such Holder's Allowed Secured Claim. No provision of
the Plan shall impair the credit bid rights of the Holder of a
Claim secured by such non-cash collateral. Any Allowed Unsecured
Deficiency Claim related to the Claim of a Holder of a Class 2 and
remaining after the Disposition of the non-cash collateral securing
such Class 2 Claim (if any) shall be included in Class 3.

Class 3 consists of Allowed Unsecured Claims. Each Holder of an
Allowed Unsecured Claim in Class 3 will be paid by the Reorganized
Debtor on the Final Distribution Date, its Pro-rata share of the
Net Proceeds of Debtor's estate remaining following payments to
Unclassified Claims and Classes 1-2. This Class is impaired.

Class 4 consists of Equity Interests. Each Holder of an Allowed
Equity Interest in Class 4 shall receive a Pro Rata Share of the
Available Cash remaining after payment of Unclassified Claims and
Classes 1-3.

The Plan is a liquidating Subchapter V Chapter 11 plan. The funds
required for implementation of the Plan and the distributions shall
be provided from (i) the Disposition of the Debtor's assets and
(ii) Debtor's business income from continued performance during the
sale period.

A full-text copy of the Subchapter V Plan dated December 8, 2022,
is available at https://bit.ly/3HDcgmI from PacerMonitor.com at no
charge.

Counsel to Debtor:

     Ward Stone, Esq.
     Matthew S. Cathey, Esq.
     Stone & Baxter, LLP
     577 Third Street
     Macon, Georgia 31201
     Tel: (478) 750-9898
     Fax: (478) 750-9899
     Email: wstone@stoneandbaxter.com
            mcathey@stoneandbaxter.com

                    About Macon Door & Hardware

Macon Door & Hardware Inc. -- https://www.macondoor.com/ -- is a
distributor of division 8 & 10 materials in the Middle Georgia
area.

Macon Door & Hardware filed a petition for relief under Subchapter
V of Chapter 11 of the Bankruptcy Code (Bankr. M.D. Ga. Case
No.22-51044) on Sept. 9, 2022. In the petition filed by Daniel L.
Pike, as president, the Debtor reported assets and liabilities
between $1 million and $10 million.

Judge Austin E. Carter oversees the case.

Robert M. Matson has been appointed as Subchapter V trustee.

The Debtor is represented by Ward Stone, Jr., Esq., at Stone &
Baxter, LLP.


MALLINCKRODT PLC: Trust Can't be Used to Pay Atty. Fees
-------------------------------------------------------
Rick Archer of Law360 reports that the Texas Office of the Attorney
General told a Delaware bankruptcy judge Thursday it may ask him to
rule against a request to pay attorney fees in Texas opioid
multidistrict litigation out of the opioid claims trust established
in the Mallinckrodt Chapter 11 plan.

                    About Mallinckrodt PLC

Mallinckrodt -- http://www.mallinckrodt.com/-- is a global
business consisting of multiple wholly-owned subsidiaries that
develop, manufacture, market and distribute specialty
pharmaceutical products and therapies. The company's Specialty
Brands reportable segment's areas of focus include autoimmune and
rare diseases in specialty areas like neurology, rheumatology,
nephrology, pulmonology and ophthalmology; immunotherapy and
neonatal respiratory critical care therapies; analgesics; and
gastrointestinal products.  Its Specialty Generics reportable
segment includes specialty generic drugs and active pharmaceutical
ingredients.

On Oct. 12, 2020, Mallinckrodt plc and certain of its affiliates
sought Chapter 11 protection in Delaware (Bankr. D. Del. Lead Case
No. 20-12522) to seek approval of a restructuring that would reduce
total debt by $1.3 billion and resolve opioid-related claims
against them.

Mallinckrodt plc disclosed $9,584,626,122 in assets and
$8,647,811,427 in liabilities as of Sept. 25, 2020.

Judge John T. Dorsey oversees the cases.

The Debtors tapped Latham & Watkins, LLP and Richards, Layton &
Finger, P.A. as their bankruptcy counsel; Arthur Cox and Wachtell,
Lipton, Rosen & Katz as corporate and finance counsel; Ropes &
Gray, LLP as litigation counsel; Torys, LLP as CCAA counsel;
Guggenheim Securities, LLC as investment banker; and AlixPartners,
LLP as restructuring advisor.  Prime Clerk, LLC is the claims
agent.

The official committee of unsecured creditors retained Cooley, LLP,
as its legal counsel; Robinson & Cole, LLP as co-counsel; and
Dundon Advisers, LLC as financial advisor.

On Oct. 27, 2020, the U.S. Trustee for Region 3 appointed an
official committee of opioid-related claimants.  The OCC tapped
Akin Gump Strauss Hauer & Feld, LLP as its lead counsel; Cole
Schotz as Delaware co-counsel; Province, Inc. as financial advisor;
and Jefferies, LLC as investment banker.

                           *    *    *

Mallinckrodt plc on June 16, 2022, announced that it has
successfully completed its reorganization process, emerged from
Chapter 11 and completed the Irish Examinership proceedings.
Implementing the Plan and the Scheme strengthens the Company's
balance sheet, reduces its total debt by approximately $1.3 billion
and enables it to move forward with more than $250 million in cash
and cash equivalents on hand.  The Plan and Scheme include key
legal settlements that resolve opioid claims brought against the
Company and litigation matters involving Acthar Gel, among other
claims, and provides for significant equitization of the Company's
guaranteed unsecured notes.


MAROVITCH CONCESSIONS: Unsecureds to Split $10K in Plan
-------------------------------------------------------
Marovitch Concessions, LLC filed with the U.S. Bankruptcy Court for
the Middle District of Florida a Chapter 11 Plan of Reorganization
dated December 8, 2022.

The Debtor is a restaurant and bar that operates in Woodland Park,
Colorado. The Debtor's fictitious name that it does business as is
"The Stuft Food Emporium." The Debtor serves primarily Casual
American cuisine.

The Debtor is owned by related Debtor Mark Marovitch. Mr. Marovitch
also filed Chapter 11 on the same day as the Debtor (Case No.:
3:22-01877-BAJ). Mr. Marovitch resides in New Smyrna Beach,
Florida, which is why this Debtor filed bankruptcy in this
district.

The Debtor filed this case in an attempt to reorganize its business
affairs. The Debtor's opening was delayed due primarily to the
COVID-19 pandemic. Upon the Debtor's opening its physical location
in November 2021, the Debtor hired individuals who it believed were
qualified to manage the restaurant and properly price food items.
However, it became apparent after the first quarter of 2022 that
the Debtor's menu pricing was not correct, which led to the Debtor
experiencing monetary losses. From there, the Debtor obtained
multiple high interest loans from certain lenders which further
exacerbated the Debtor's cash flow issues.

While the Debtor has experienced financial and operational issues,
the Debtor strongly believes there is a path to a successful
reorganization in this case. With the holidays approaching, the
Debtor fully expects to get off to a productive start and fully
perform under this Plan. The Debtor expects to have its cash flow
fully stabilized by the end of December 2022.

This Plan of Reorganization proposes to pay creditors of the Debtor
from cash flow from the normal operations of the Debtor's business.
The Managing Member of the Debtor, Mark Marovitch, will remain in
that role post-confirmation. However, Mr. Marovitch lives in
Florida and will ensure that there is adequate personnel in charge
of the Debtor's day-today operations.

This Plan provides for the payment of priority tax claims, two
classes of secured claims, one class of lease claim(s), one class
of general unsecured claims, and one class of equity security
holders. This Plan provides for the payment of administrative and
priority claims in full.

Class 4 consists of General Unsecured claims. The class of general
unsecured claims shall receive a total dividend of $10,000 paid
pro-rata amongst the creditors in this class. Payments shall
commence on the fifteenth day of the month, on the first month that
begins more than ninety days after the Effective Date and shall
continue quarterly for nineteen additional quarters. The Debtor
shall pay a total of $500.00 per quarter (disbursed pro-rata). This
Class is impaired.

Class 5 consists of Equity Security Holder Mark Marovitch. The
equity security holder will not receive distributions during the
Plan term.

Debtor shall fund its Plan from the continued operations of its
business.

A full-text copy of the Plan of Reorganization dated December 8,
2022, is available at https://bit.ly/3HEdXQM from PacerMonitor.com
at no charge.

Counsel for the Debtor:

     Byron Wright III, Esq.
     Bruner Wright, PA
     2810 Remington Green Circle
     Tallahassee, FL 32308
     Telephone: (850) 385-0342
     Facsimile: (850) 270-2441

                   About Marovitch Concessions

Marovitch Concessions LLC sought protection for relief under
Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No.
22-03261) on Sep. 9, 2022, listing up to $50,000 in assets and up
to $1 million in liabilities.

Judge Jason A. Burgess presides over the case.

The Debtor tapped Byron Wright, III, Esq., at Bruner Wright PA as
counsel and Georgia Evans at Professional Management Systems, Inc.
as accountant.


MED BAR: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------
Debtor: Med Bar, LLC
        40 Wall Street
        Suite 2934
        New York, NY 10005

Business Description: The Company operates a medical and
                      diagnostic laboratory.

Chapter 11 Petition Date: December 14, 2022

Court: United States Bankruptcy Court
       Southern District of New York

Case No.: 22-11672

Debtor's Counsel: Vincent Roldan, Esq.
                  MANDELBAUM BARRETT PC
                  3 Bekcer Farm Road
                  Roseland, NJ 07068
                  Tel: 973-974-9815
                  Email: vroldan@mblawfirm.com

Total Assets: $2,006,116

Total Liabilities: $1,733,067

The petition was signed by Ewa Sadej as CEO.

A full-text copy of the petition containing, among other items, a
list of the Debtor's 20 largest unsecured creditors is available
for free at PacerMonitor.com at:

https://www.pacermonitor.com/view/MFOYTSQ/Med_Bar_LLC__nysbke-22-11672__0001.0.pdf?mcid=tGE4TAMA


MEDLY HEALTH: $8MM DIP Loan Wins Interim OK
-------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized
Medly Health Inc. and affiliates to use cash collateral and obtain
postpetition financing.

The Debtor sought to obtain a secured, superpriority postpetition
multi-draw term loan facility in an aggregate principal amount of
up to $8 million all of which constitutes new money (there is no
roll-up of prepetition debt), plus interest, costs, fees, and other
expenses and amounts provided for in the DIP Term Sheet, the
Interim Order, or the Final Order, with the initial sum of $4
million being available to the Debtors, on an interim basis
pursuant to the Interim Order pending entry of a Final Order, from
the DIP Lenders.

The DIP Lenders are TriplePoint Venture Growth BDC Corp.,
TriplePoint Capital LLC and TriplePoint Private Venture Credit Inc.
TriplePoint Venture Growth BDC Corp. is the collateral agent for
the DIP Lenders.

The Debtors are parties to these prepetition secured loan
agreements:

     a. Prepetition Senior Loan Agreement: Pursuant to the Loan and
Security Agreement, dated as of November 1, 2019, between the
Debtors and Silicon Valley Bank, the Prepetition Senior Lender made
secured advances to the Debtors. The outstanding principal amount
of the Prepetition Senior Credit Facility is $20 million, together
with default interest, fees, expenses and all other amounts which
are payable, chargeable or otherwise reimbursable under the
Prepetition Senior Loan Documents.

     b. Prepetition TPC Loan Agreement: Pursuant to the Plain
English Growth Capital Loan and Security Agreement dated as of
November 20, 2020, between the Debtors, the lenders from time to
time party thereto and TriplePoint Venture Growth BDC Corp. in its
capacity as collateral agent for the Prepetition TPC Lenders, the
Prepetition TPC Lenders made secured advances to the Debtors in
accordance with the terms thereof. The outstanding principal amount
of the Prepetition TPC Credit Facility is $81 million (of which $1
million is a TPC Prepetition Priority Obligation), plus (a)
interest accrued and payable thereon and (b) end of term fees with
respect thereto in an amount not less than $6.854 million, together
with default interest, fees, expenses and all other amounts which
are payable, chargeable or otherwise reimbursable under the
Prepetition TPC Loan Documents.

     c. Prepetition Notes: As evidenced by those Senior Secured
Promissory Notes dated August 29, 2022 and August 30, 2022 executed
by the Debtors in favor of the holders thereof, the Prepetition
Noteholders made advances totaling $10 million in principal amount
in accordance with the terms thereof.

     d. Intercreditor Agreements: Pursuant to (A) the Second
Amended and Restated Subordination Agreement, dated as of August
29, 2022, between the Prepetition Senior Lender and the Prepetition
TPC Parties, (B) the Subordination Agreement, dated as of August
29, 2022, between the Prepetition Senior Lender and the Prepetition
Noteholders, and (C) the Intercreditor Agreement, dated as of
August 29, 2022, between the Prepetition TPC Parties and the
Prepetition Noteholders, the Prepetition Senior Lender, pursuant to
which the Prepetition TPC Parties, and the Prepetition Noteholders
agreed on the relative priority of the liens granted under the
Prepetition Senior Loan Documents, the Prepetition Notes, and the
Prepetition TPC Loan Documents, respectively, and, as between the
Prepetition TPC Parties and the Prepetition Noteholders, on the
order of distribution of collateral or proceeds thereof, all as
more particularly set forth in the Intercreditor Agreements. In
addition, pursuant to that certain Consent under Subordination
Agreement with respect to the TPC/Noteholder Intercreditor
Agreement dated as of November 30, 2022, the Prepetition TPC
Parties and certain Prepetition Noteholders agreed to certain
variances from the TPC/Noteholder Intercreditor Agreement with
respect to a $1 million prepetition advance which was made by the
Prepetition TPC Parties to the Debtors.

     e. Prepetition Noteholder Consent to DIP Financing and Use of
Cash Collateral. The TPC/Noteholder Intercreditor Agreement and the
TPC/Noteholder Consent provide that to the extent the Prepetition
TPC Agent consents to the Debtors' obtaining financing under
Section 363 or Section 364 of the Bankruptcy Code, then the
Prepetition Noteholders (x) will raise no objection to and will not
otherwise contest or oppose such financing, (y) will not request
adequate protection or any other relief in connection therewith
and, (z) to the extent the liens securing the Prepetition TPC
Obligations are subordinated to such financing, will subordinate
their liens to the  liens securing such financing on the same basis
as is applicable to the liens securing the Prepetition TPC
Obligations and will subordinate their liens to any "carve-out" for
professional fees and United States Trustee fees agreed to by the
Prepetition TPC Agent. The Prepetition TPC Agent has consented to
the DIP Credit Facility, the use of cash collateral, and the other
relief provided for therein.

The DIP Loans will be used for (a) working capital and general
corporate purposes and (b) bankruptcy-related costs, all in
accordance with the Approved Budget.

The Debtor is permitted to obtain borrowings under the DIP Credit
Facility on an interim basis in an amount up to $4 million, pending
entry of a Final Order.

As adequate protection, the Prepetition Senior Lender and
Prepetition TPC Parties are granted customary adequate protection
for their Prepetition Liens, including replacement liens and
superpriority claims on the DIP Collateral, to the extent of any
diminution, but will only be payable out of proceeds of Avoidance
Actions upon entry of the Final Order.

These events constitute an "Event of Default":

     (a) The occurrence of an "Event of Default" under the DIP Term
Sheet (subject to any extensions or waivers as permitted under the
DIP Loan Documents),

     (b) The existence of an Existing Permitted Lien securing
obligations in excess of $500,000, or

     (c) A default under the terms and conditions of the Interim
Order, will constitute an event of default under the Interim Order,
unless expressly waived in writing by the DIP Agent or the
Prepetition Senior Lender, as applicable; provided that any waiver
by the DIP Agent of an Event of Default under the DIP Loan
Documents will not be binding on (or constitute a waiver of) the
Prepetition Senior Lender's ability to declare an Event of Default
under the Interim Order.

A final hearing on the matter is set for January 9, 2023 at 10
a.m.

A copy of the order is available at https://bit.ly/3hBemIS from
PacerMonitor.com.

                  About Medly Health Inc.

Medly Health Inc. and affiliates operate four full service digital
pharmacies, 21 brick-and-mortar, full-service specialty pharmacies
serving 20 markets across nine states and one health and wellness
store in Seattle, Washington. Medly Health also operates an
e-commerce business through the "Pharmaca.com" website. It offers
orchestrated consumer services such as delivery, prior
authorization coordination, copay management, refill management and
much more. Its strategic pillars include prescription medications,
health and wellness and order fulfilment, including, where
available, same day delivery.

Medly Health and its affiliates sought protection under Chapter 11
of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 22-11257)
on December 9, 2022. In the petition signed by Richard S. Willis,
chief executive officer and chief financial officer, Medly Health
disclosed up to $500 million in both assets and liabilities.

Judge Karen B. Owens oversees the case.

Laura Davis Jones, Esq., at Pachulski Stang Ziehl & Jones LLP, is
the Debtor's counsel.


MLN US: XAI OFRAITT Marks $136,900 Loan at 39% Off
--------------------------------------------------
XAI Octagon Floating Rate & Alternative Income Term Trust has
marked its $136,980 loan extended to MLN US HoldCo LLC to market at
$83,610, or 61% of the outstanding amount, as of September 30,
2022, according to a disclosure contained in XAI OFRAITT's Form
N-CSR for the fiscal year ended September 30, filed with the
Securities and Exchange Commission on December 1.

XAI OFRAITT extended a Senior Secured First Lien Loan to MLN US
HoldCo LLC.  The loan currently has an interest rate of 8.25% (3M
US L + 4.50%) and is scheduled to mature on November 30, 2025.

XAI OFRAITT is a diversified, closed-end management investment
company. The Trust seeks attractive total return with an emphasis
on income generation across multiple stages of the credit cycle.

MLN US Holdco LLC, dba Mitel, headquartered in Ottawa, Canada,
provides phone systems, collaboration applications (voice, video
calling, audio and web conferencing, instant messaging etc.) and
contact center solutions through on-site and cloud offerings.  The
company's customer focus is on small and medium sized businesses.
Mitel is majority-owned by Searchlight Capital Partners, a private
equity firm.



MUSCLEPHARM CORP: Case Summary & Three Unsecured Creditors
----------------------------------------------------------
Debtor: MusclePharm Corporation
        8275 South Eastern Avenue
        Las Vegas, NV 89123

Business Description: MusclePharm is a lifestyle company that
                      develops, manufactures, markets and
                      distributes branded sports nutrition
                      products and functional energy beverages.

Chapter 11 Petition Date: December 15, 2022

Court: United States Bankruptcy Court
       District of Nevada

Case No.: 22-14422

Judge: Hon. Natalie M. Cox

Debtor's Counsel: Samuel A. Schwartz, Esq.
                  SCHWARTZ LAW, PLLC
                  601 East Bridger Avenue
                  Las Vegas, NV 89101
                  Tel: 702-385-5544
                  Fax: 702-201-1330
                  Email: saschwartz@nvfirm.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Ryan Drexler as chief executive
officer.

A full-text copy of the petition is available for free at
PacerMonitor.com at:

https://www.pacermonitor.com/view/R3E2UHI/MUSCLEPHARM_CORPORATION__nvbke-22-14422__0001.0.pdf?mcid=tGE4TAMA

List of Debtor's Three Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount

1. Empery Tax                                                   $0
Efficient, LP
c/o Empery GP, LLC
1 Rockefeller Plaza,
Ste 1205
New York, NY 10020

2. Prestige Capital                                             $0
400 Kelby Street -
10th Floor
Fort Lee, NJ 07024

3. White Winston                                                $0
Select Asset Funds, LLC
265 Franklin St, Ste 1702
Boston, MA 02110


MYMD DIRECT: Unsecureds to Recover 44% or 21% in Subchapter V Plan
------------------------------------------------------------------
MyMD Direct, PLLC, filed with the U.S. Bankruptcy Court for the
Western District of North Carolina a Small Business Plan of
Reorganization under Subchapter V dated December 8, 2022.

The Debtor was formed as a North Carolina professional limited
liability company on July 22, 2019. Since that time, the Debtor has
been primarily engaged in providing primary care internal medicine
and other medical services, as well as botulinum toxin A
administration services (the "Primary Care Practice").

The intended purpose of this bankruptcy proceeding is to ensure a
clean break between the Debtor and the Aesthetics Practice without
causing much disruption to the medical services provided to the
Debtor's core patients.

The Debtor's financial projections show that the Debtor will have
Monthly PDI of $1,993.14. The final plan payment is expected to be
paid on April 30, 2026.

This Plan seeks to: shed the Aesthetics Practice from the healthier
Primary Care Practice by liquidating the Aesthetics Assets for the
maximum value possible and paying any remaining deficiency over
time; preserve the Primary Care Practice for the benefit of not
only the Debtor's creditors, but also the Debtor's patients; and
otherwise pay the Debtor's outstanding debts over time.

Unsecured creditors holding allowed claims other than the SBA will
receive, in the aggregate, either: (a) if the general unsecured
creditor class votes in favor of this Plan, 40% of the Debtor's
actual disposable income— without deducting any amounts as salary
or other compensation for Mabry—for three years, which the Debtor
estimates will provide at least a 44% distribution to unsecured
creditors through this Plan; or (b) if the unsecured creditor class
votes against this Plan, the Debtor's projected disposable
income—after factoring in a $60,000.00 annual salary for
Mabry—for three years, which the Debtor estimates will provide at
least a 21% distribution to unsecured creditors through this Plan.

Class 1 includes those claims secured by the Primary Care Assets.
Secured claims in Class 1 (i.e., claims secured by Primary Care
Assets) shall be paid pursuant to the corresponding contract and
shall retain their existing liens, privileges, and encumbrances at
the same validity, priority, and extent that existed on the
Petition Date. Class 1 is unimpaired by this Plan.

Class 2 includes the secured portion of those claims secured by the
Aesthetics Assets. Secured claims in Class 2 (i.e., claims secured
by purchase money security interests in the Aesthetics Assets)
shall be paid the full amount of the collateral value securing the
claim from the proceeds of the sale of the corresponding collateral
net of the costs of conducting such sale. To the extent not sooner
provided by a separate order of the Court, holders of allowed
claims secured by the Aesthetics Assets shall have relief from the
automatic stay, and shall not otherwise be limited by any
injunction entered in connection with this Plan or this Case, in
exercising otherwise applicable rights and remedies with respect to
the Aesthetics Assets. Holders of claims in Class 2 shall retain
their liens or other interests in the Aesthetics Assets.

Class 3 includes the unsecured claim of the SBA. The unsecured SBA
claim in Class 3 shall be paid pursuant to the corresponding
contract given the de minimis monthly payments which total
$32/month and its relation to the Primary Care Practice. Class 3 is
unimpaired by this Plan, and the SBA is conclusively presumed to
accept this Plan.

Class 4 consists of General Unsecured Claims. If Class 4 votes to
accept this Plan, then holders of allowed nonpriority unsecured
claims shall receive a pari passu distribution from 40% of the
Debtor's Actual Disposable Income Without Salary in annual
installments on the Annual Payment Date for the fiscal years 2023;
2024; and 2025, beginning on April 30, 2024; provided, however,
that, notwithstanding anything in this Plan to the contrary, Mabry
may, as an advance on Mabry's 60% share of Actual Disposable Income
Without Salary, take regular draws not to exceed $2,500 per month
to help Mabry cover his personal living expenses so long as the
Debtor (or Mabry) ensures that holders of allowed non-priority
unsecured claims in Class 4 receive, in the aggregate, 40% of the
Debtor's Actual Disposable Income Without Salary in the event the
Debtor's Actual Disposable Income Without Salary for any particular
fiscal year is less than $50,000.

If, on the other hand, Class 4 votes to reject this Plan, then,
beginning on the first Quarterly Payment Date immediately following
the Administrative Expense Claim Satisfaction Date, the Debtor
shall pay the Debtor's Monthly PDI in quarterly installments pro
rata to holders of allowed unsecured claims until the third
anniversary of the Initial Plan Payment. Notwithstanding any of the
foregoing to the contrary, to the extent any creditor files an
adversary proceeding seeking an order declaring that the creditor's
debt is not dischargeable in bankruptcy, the Debtor's PDI shall be
reduced by $50,000.00 in order to cover the estimated legal fees
and costs to be incurred by the Debtor in defending against such an
action. Class 4 is impaired under this Plan.

Class 5 consists of Equity Interests. All equity interests in the
Debtor held on the Petition Date shall be retained by such holders
in the Reorganized Debtor unimpaired or unaffected by this Case.
Class 5 is unimpaired by this Plan, and the holders of equity
interests are conclusively presumed to accept this Plan.

This Plan contemplates the sale of the Aesthetics Assets with the
net proceeds to be paid to the respective Aesthetics Lenders for
application to the Aesthetics Loans. On November 28, 2022, the
Debtor filed a motion seeking an order from the Court granting the
Aesthetics Lenders relief from stay to liquidated the Aesthetics
Assets, which remains pending as of the date of this Plan.

Montrose Global Assets, Inc. and each Aesthetic Lender (but for
Signature Bank and Leaf Capital Funding, LLC) have entered into
agreements whereby Montrose will take possession of the Aesthetic
Assets for remarketing and reselling the same. Montrose also has a
preexisting relationship with BTL which originally sold the
Aesthetics Assets to the Debtor. Because there are consumable
complements to the Aesthetics Assets, BTL requires inspection and
recertification of each piece of the Aesthetics Assets prior to the
reselling of the same. Montrose will work with BTL to either have
the Aesthetics Assets recertified or otherwise cleared for resale
so that the buyer(s) of such assets may thereafter work with BTL to
obtain the necessary consumables to use the Aesthetics Assets on
patients.

Upon liquidation of the Aesthetics Assets and application of the
proceeds therefrom to the respective Aesthetic Lenders, deficiency
balances will be established, which will be included in Class 4
General Unsecured Claims.

A full-text copy of the Plan of Reorganization dated December 8,
2022, is available at https://bit.ly/3G3RrQd from PacerMonitor.com
at no charge.

Attorneys for the Debtor:

     Michael L. Martinez, Esq.
     Anna S. Gorman, Esq.
     Grier Wright Martinez, PA
     521 E. Morehead St., Ste. 440
     Charlotte, NC 28202
     Telephone: (704) 375-3720
     Facsimile: (704) 332-0215
     Email: mmartinez@grierlaw.com

                         About MyMD Direct

MyMD provides personalized, one-on-one and comprehensive medical
care.

MyMD Direct, PLLC filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. W.D.N.C. Case No.
22-30573) on Nov. 22, 2022. The petition was signed by David B.
Mabry as member-manager. At the time of filing, the Debtor
estimated $737,150 in assets and $1,143,679 in liabilities.

Judge J. Craig Whitley presides over the case.

Anna S. Gorman, Esq. at Grier Wright Martinez, PA, represents the
Debtor as counsel.


NANI WALE: Voluntary Chapter 11 Case Summary
--------------------------------------------
Lead Debtor: Nani Wale O' Puako LLC
             64-5127 Kalake Street
             Kamuela, HI 96743      

Business Description: The Debtors listed their business as Single
                      Asset Real Estate (as defined in 11 U.S.C.
                      Section 101(51B)).

Chapter 11 Petition Date: December 14, 2022

Court: United States Bankruptcy Court
       District of Hawaii

Four affiliates that concurrently filed voluntary petitions for
relief under Chapter 11 of the Bankruptcy Code:

      Debtor                                      Case No.
      ------                                      --------
      Nani Wale O' Puako LLC                      22-00899
      Nani Wale O' Laika LLC                      22-00900
      Nani Wale O' Anaeho'omalu LLC               22-00901
      Nani Wale O' Anahulu LLC                    22-00902

Judge: Hon. Robert J. Faris

Debtors' Counsel: Jerrold K. Guben, Esq.
                  O'CONNOR PLAYDON GUBEN & INOUYE LLP
                  733 Bishop Street, Suite 2400
                  Honolulu, HI 96813
                  Tel: (808) 524-8350
                  Email: JKG@opgilaw.com

Each Debtor's
Estimated Assets: $10 million to $50 million

Each Debtor's
Estimated Liabilities: $10 million to $50 million

The petitions were signed by Brian A. Anderson as managing member.

The Debtors filed empty lists of their 20 largest unsecured
creditors.

Full-text copies of the petitions are available for free at
PacerMonitor.com at:

https://www.pacermonitor.com/view/4Q6MKBA/Nani_Wale_O_Anahulu_LLC__hibke-22-00902__0001.0.pdf?mcid=tGE4TAMA

https://www.pacermonitor.com/view/64JYKGI/Nani_Wale_O_Puako_LLC__hibke-22-00899__0001.0.pdf?mcid=tGE4TAMA

https://www.pacermonitor.com/view/7IUWY4Y/Nani_Wale_O_Laika_LLC__hibke-22-00900__0001.0.pdf?mcid=tGE4TAMA

https://www.pacermonitor.com/view/4HNI3ZQ/Nani_Wale_O_Anaehoomalu_LLC__hibke-22-00901__0001.0.pdf?mcid=tGE4TAMA


NATURE COAST: Case Summary & 10 Unsecured Creditors
---------------------------------------------------
Debtor: Nature Coast Development Group, LLC
        7272 Cardinal Trail
        Fanning Springs, FL 32693

Chapter 11 Petition Date: December 14, 2022

Court: United States Bankruptcy Court
       Northern District of Florida

Case No.: 22-10200

Debtor's Counsel: Justin M. Luna, Esq.
                  LATHAM LUNA EDEN & BEAUDINE LLP
                  201 S. Orange Avenue
                  Suite 1400
                  Orlando, FL 32801
                  Tel: (407) 481-5800
                  Fax: (407) 481-5801
                  Email: jluna@lathamluna.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Marites Padot as managing member.

A full-text copy of the petition is available for free at
PacerMonitor.com at:

https://www.pacermonitor.com/view/ZTW3RWA/Nature_Coast_Development_Group__flnbke-22-10200__0001.0.pdf?mcid=tGE4TAMA

List of Debtor's 10 Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount

1. Florida Department                   Taxes                   $0
of Revenue
Bankruptcy Unit
Post Office Box 6668
Tallahassee, FL
32314-6668

2. Graves Lumber Co.                 Construction           $9,403
Attn: Christopher Roshong              Services
Credit Manager
1315 S
Cleveland-Massillon Rd.
Akron, OH 44321

3. Internal Revenue Service              Taxes                  $0
Centralized
Insolvency Ops
PO Box 7346
Philadelphia, PA
19101-7346

4. Jana Harold                        Money Loaned              $0
155 Orchard View Dr.
Ararat, VA 24053

5. Jennnifer Padot Collins            Money Loaned              $0
7279 SW CR 334A
Trenton, FL 32693

6. Suwanee Glass, Inc.                Construction         $49,431
Attn: Matthew                           Services
Rodgers, Vice President
9036 101st Court
Live Oak, FL 32060

7. US Specialty                      Insurance Bond             $0
Insurance Company
Attn: Fletcher Cameron,
Vice President
13403 NW Freeway
Houston, TX 7704

8. Villasis, LLC                       Money Loaned             $0
Attn: Marites Padot,
Managing Member
7272 Cardinal Trail
Fanning Springs, FL 32693

9. WB Services, Inc.                   Construction       $924,581
Attn: Robert Schlabach,                  Services
President
6834 CR 672,
Ste.102
Millersburg, OH 44654

10. Winsupply Newark OH Co.            Construction         $1,418
Attn: Stephen Dodd, as Agent             Services
256 Linden Ave.
Newark, OH 4305


NEW CATHEDRAL OF GHWT: Case Summary & One Unsecured Creditor
------------------------------------------------------------
Debtor: The New Cathedral of GHWT
          DBA God Holy Word Temple
        1110 Faxon Ave.
        Memphis, TN 38105-2517

Business Description: The Debtor is the fee simple owner of three
                      properties located in Memphis, TN, having
                      a total current value of $4,035,000.

Chapter 11 Petition Date: December 14, 2022

Court: United States Bankruptcy Court
       Western District of Tennessee

Case No.: 22-25533

Judge: Hon. Jennie D. Latta

Debtor's Counsel: Toni Campbell Parker, Esq.
                  LAW FIRM OF TONI CAMPBELL PARKER
                  5100 Poplar Ave., Ste. 2008
                  Memphis, TN 38137
                  Tel: 901-683-0099
                  Fax: 866-489-7938
                  Email: tparker002@att.net

Total Assets: $5,872,657

Total Liabilities: $289,639

The petition was signed by Libra Thompson as pastor.

The Debtor listed Regions Bank located at Regions Center
1900 5th Ave. N, Birmingham, AL 35203 as its only unsecured
creditor holding a claim of $64,639.

A full-text copy of the petition is available for free at
PacerMonitor.com at:

https://www.pacermonitor.com/view/LPVEG6I/The_New_Cathedral_of_GHWT__tnwbke-22-25533__0001.0.pdf?mcid=tGE4TAMA


ONESKY FLIGHT: Fitch Affirms 'B' LongTerm IDR& Withdraws Ratings
----------------------------------------------------------------
Fitch Ratings has affirmed OneSky Flight LLC's Long-Term Issuer
Default Rating (IDR) at 'B'. The Rating Outlook is Positive. In
addition, Fitch has withdrawn OneSky's ratings. The rating
affirmation and Outlook reflect OneSky's healthy revenue growth
over the past year, OneSky's solid market position, and sustained
positive trends in the private aviation sector. Fitch expects total
revenue in 2022 to grow to more than $2.2 billion in 2022,
reflecting healthy underlying demand. OneSky's ratings are tempered
by lower operating margins in 2022 related to higher third-party
charter costs, and by increasing balance sheet debt.

Fitch has chosen to withdraw the ratings of OneSky Flight LLC for
commercial reasons.

KEY RATING DRIVERS

Pending IPO: OneSky announced in early October that it planned to
complete an IPO via a SPAC. OneSky's parent, Epic Aero, Inc.
entered a business combination agreement with Horizon Acquisition
Corporation II, a blank check company that went public in October
2020. The business combination values Flexjet at a pro forma
enterprise value of approximately $3.1 billion. The majority of the
proceeds from the IPO will be held on the balance sheet, with a
portion of the funds also going to redeem existing Series D
preferred shares. The company's investor presentation lists an
estimated $174 million in cash to go to the balance sheet. The
transaction is expected to close in the second quarter of 2023.

Solid Performance: The company's performance in 2022 is largely in
line with Fitch's expectations. Fitch forecasts revenue to grow to
more than $2.2 billion in 2022, driven by higher fuel surcharges,
increased fractional sales and higher management fees. This
continues the company's track record of meaningful growth that
continued through the pandemic. Fitch's forecast incorporates
moderating growth going forward. However, further top line growth
is anticipated as private aviation generally exhibits some
insulation from broader macroeconomic pressure.

Compressed margins: Fitch expects margins to be down modestly from
2021 levels due to increased utilization of OneSky's third-party
charter fleet. Margins are also experiencing some pressure from
general inflationary costs such as wages. These costs are partly
offset by a reduction in rental expenses as OneSky has purchased
more of its core aircraft. Overall, Fitch expects EBITDA margins to
remain in the high single digits through its forecast period.

Cash Flow; Liquidity: Fitch expects OneSky to generate healthy
levels of operating cash flow through the forecast period. Free
cash flow will largely depend on aircraft purchasing activity,
which is driven by customer demand for fractional shares. FCF was
sharply negative in 2021 and likely will be in 2022 as consequence
of the large purchases of aircraft. Fitch expects the company to
maintain a healthy liquidity balance through cash on hand and
availability under its revolver. Fitch expects year-end liquidity
to be $250 million-300 million, comprised of cash on hand and
revolver availability.

Asset Light Model Reduces Balance Sheet Risk: OneSky's balance
sheet risk is limited with regards to its aircraft purchases. Under
the fractional ownership model, the company is able to sell shares
of an aircraft well in advance of that aircraft's delivery,
allowing the company to collect cash up front and minimize its own
capital outlay. Although OneSky will remain less asset intensive
than competitors like Vistajet, the company plans to grow its owned
core fleet to support future growth.

Cyclical/Fragmented Industry: The business jet industry is cyclical
due to the luxury nature of the product offering and the
availability of commercial flights as a substitute. Similarly,
while aircraft sales were less effected, total flight hours were
flat/slightly down in the 2014-2016 time period due to higher fuel
prices. These risks are partly offset for OneSky by the management
fees that it charges its fractional owners, which are fixed through
the life of the contract and do not depend on the number of hours
flown, providing a steady source of revenue. However, fractional
sales of new aircraft, jet card purchases, and charter flying are
all vulnerable to economic cycles.

KEY ASSUMPTIONS

- Consolidated revenues increase to north of $2.2 billion in 2022
as flight utilization and fractional share sales, and fuel
surcharges all increase.

- Margins are somewhat flat in the upper single digit range as the
company executes on reducing leasing costs, offset by increased
costs related to the company's on demand partner fleet.

- Negative free cash flow during the year due to elevated capex and
the purchase of leased aircraft.

RATING SENSITIVITIES

Sensitivities are N/A, all ratings are being withdrawn.

LIQUIDITY AND DEBT STRUCTURE

Please note that Fitch currently does not rate any of OneSky's
debt.

ISSUER PROFILE

OneSky is a portfolio of three private jet travel labels covering
the fractional ownership, fractional lease, prepaid charter/jet
card and on-demand charter segments. Initially focused on the
chartering segment, OneSky has grown its offering by purchasing
Sentient Jet in 2012, and Flexjet from Bombardier in 2013.

ESG CONSIDERATIONS

OneSky Flight, LLC has an ESG Relevance Score of '4' for Governance
Structure due to the 40% ownership by Directional Aviation, which
is controlled by CEO Kenn Ricci and CFO Mike Rossi. There is also
an element of key person risk as the CEO and CFO have worked
closely together for more than 30 years, and their loss could have
a material impact on the company's operations. This has a negative
impact on the credit profile, and is relevant to the rating[s] in
conjunction with other factors.

OneSky Flight, LLC has an ESG Relevance Score of '4' for Energy
Management due to the potential for public/customer perception
around private aviation, which may drive demand down as climate
awareness and activism become more pronounced, which has a negative
impact on the credit profile, and is relevant to the rating[s] in
conjunction with other factors.

Unless otherwise disclosed in this section, the highest level of
ESG credit relevance is a score of '3'. This means ESG issues are
credit-neutral or have only a minimal credit impact on the entity,
either due to their nature or the way in which they are being
managed by the entity.

   Entity/Debt             Rating        Prior
   -----------             ------        -----
OneSky Flight, LLC   LT IDR B  Affirmed    B

                     LT IDR WD Withdrawn   B


ORION TRUST 2022-1: S&P Assigns BB (sf) Rating on Class E Notes
---------------------------------------------------------------
S&P Global Ratings assigned its ratings to seven classes of
residential mortgage-backed securities (RMBS) issued by Perpetual
Corporate Trust Ltd. as trustee of Orion Trust 2022-1. Orion Trust
2022-1 is a securitization of prime residential mortgage loans
originated by Brighten Financial Pty Ltd.

The ratings reflect the following factors. The credit risk of the
underlying collateral portfolio, which predominantly comprises
residential mortgage loans to prime-quality Australian resident
borrowers, and the credit support provided to each class of notes
are commensurate with the ratings assigned. Credit support is
provided by subordination and excess spread, if any. S&P's
assessment of credit risk considers Brighten Financial's
underwriting standards and approval process, and its servicing
quality.

The rated notes can meet timely payment of interest and ultimate
payment of principal under the rating stresses. Key rating factors
are the level of subordination provided, the principal draw
function, the liquidity reserve, and the provision of an
extraordinary expense reserve. S&P's analysis is on the basis that
the notes are fully redeemed via the principal waterfall mechanism
under the transaction documents by their legal final maturity date,
and it assumes the notes are not called at or beyond the
call-option date.

S&P said, "Our ratings also take into account the counterparty
exposure to Westpac Banking Corp. as bank account provider. We also
have factored into our ratings the legal structure of the trust,
which is established as a special-purpose entity and meets our
criteria for insolvency remoteness.

"We have assessed the servicing and standby servicing arrangements
in this transaction under our "Global Framework For Assessing
Operational Risk In Structured Finance Transactions" criteria,
published Oct. 9, 2014, and concluded that there are no constraints
on the maximum rating that can be assigned to the notes."

  Ratings Assigned

  Orion Trust 2022-1

  Class A-S, A$170.00 million: AAA (sf)
  Class A-L, A$150.00 million: AAA (sf)
  Class A2, A$34.00 million: AAA (sf)
  Class B, A$18.48 million: AA (sf)
  Class C, A$10.56 million: A (sf)
  Class D, A$7.36 million: BBB (sf)
  Class E, A$4.48 million: BB (sf)
  Class F1, A$2.56 million: Not rated
  Class F2, A$2.56 million: Not rated



PARK RIVER: XAI OFRAITT Says Value of $95,100 Loan Down 16%
-----------------------------------------------------------
XAI Octagon Floating Rate & Alternative Income Term Trust has
marked its $95,108 loan extended to Park River Holdings, Inc to
market at $80,327, or 84% of the outstanding amount, as of
September 30, 2022, according to a disclosure contained in XAI
OFRAITT's Form N-CSR for the fiscal year ended September 30, filed
with the Securities and Exchange Commission on December 1.

XAI OFRAITT extended a Senior Secured First Lien Loan to Park River
Holdings, Inc.  The loan currently has an interest rate of 5.53%
(3M US L + 3.25%) and is scheduled to mature on December 28, 2027.

XAI OFRAITT is a diversified, closed-end management investment
company. The Trust seeks attractive total return with an emphasis
on income generation across multiple stages of the credit cycle.

Park River Holdings, Inc. is a national provider of specialty
branded interior and exterior residential building products. The
company's product offerings include construction fasteners; cabinet
knobs and pulls; decking; fence, gate and functional hardware;
railing systems; and perimeter security.



PATTERN ENERGY: Fitch Affirms LongTerm IDR at 'BB-', Outlook Stable
-------------------------------------------------------------------
Fitch Ratings has affirmed Pattern Energy Operations LP's (PEO)
Issuer Default Rating (IDR) at 'BB-'. Fitch has also affirmed PEO's
2028 senior unsecured notes at 'BB-'/'RR4'. The Rating Outlook is
Stable.

PEO's rating is supported by relatively stable and long-term
contracted cash flows from a portfolio of mostly wind projects.
Fitch views positively management's deleveraging efforts during
2022. Holdco-only FFO leverage is projected to be in the high 3x
over the next three to four years. Fitch calculates PEO's credit
metrics on a deconsolidated basis as its operating assets are
largely financed with nonrecourse project debt.

PEO's nearly 100% wind generation and concentration in Western
Spirit Wind are key credit constraints. The effects of Winter Storm
Uri were resolved in a credit neutral manner from the holdco's
perspective. Nevertheless, under extreme operating conditions,
hedge contracts in Texas could cause substantial cash flow and
liquidity risks and may require continued support from the owners.

KEY RATING DRIVERS

Long-term Contracted Portfolio: PEO owns and operates 5.3 GW
predominantly wind projects (PEO's share 3.4 GW) in the U.S. and
Canada. Approximately 91% of generation is contracted. Weighted
average rating of offtakers is 'A'. Weighted average remaining
contract life is approximately 12 years, near industry average.

Portfolio Concentration: PEO's fleet is comprised of nearly 100%
wind, a negative. Wind resources are more volatile than solar, and
performance has been below long-term average. Solar generation
remains small. Phoenix Solar (83MW) came online in 3Q21, and
Montour Solar(50MW) is expected to come online in 2023.
Nevertheless, wind will continue to be the dominant fuel as the 3.2
GW Sunzia Wind is expected to complete in 2025/2026.

Distribution is concentrated as the new Western Spirit Wind
represents approximately 25% of the portfolio. Top five projects
are expected to contribute approximately 54% of the total
distributions, versus 44.5% in 2020.

Storm Highlights Hedge Risks: The impact from winter storm Uri was
resolved in a credit supportive manner. PEO suffered loss primarily
due to hedges at three operational Texas projects. Panhandle 1 and
2 and Logan's Gap experienced low wind resource or were unable to
operate at full capacity. They have hedge obligations under the PPA
contracts that required PEO to acquire power at market price. Tail
risks associated with hedged PPAs in Texas could lead to
substantial loss and liquidity crunch.

Balanced Financial Policies: Management targets Corporate Debt to
EBITDA between 3x to 4x. A clear financial target is positive.
Fitch views favorably equity contribution from owners, the
repayment of $199 million revolver balance and partial repayment of
the 2028 notes. Management is committed to not issuing debt at
holding companies above PEO. When PEO satisfies its covenants and
leverage target, it contributes excess cash to PEGLP. Lack of cash
reserves at PEO constrains financial flexibility.

Ownership Largely Beneficial: PEO's private ownership removes
distribution targets and keeps devoid of capital market
volatilities. Sponsors have contributed $875 million equity YTD
2022 to PEO's parent company to support growth and financial
policy. Canada Pension Plan Investment Board (CPPIB) is PEO's
largest indirect owner, which Fitch views positively given CPPIB's
size and track record as a long-term investor, while Riverstone
Holdings LLC. is aggressive. Private companies are not required to
adhere to financial reporting standards thus lack transparency. The
nine-member board includes three independents with the remainder
from CPPIB (three), Riverstone Holdings (two), and the CEO of
Pattern Energy.

Credit Metrics: Fitch calculates PEO's credit metrics on a
deconsolidated basis as its assets are largely financed with
nonrecourse project debt. In 2021, holdco-only FFO leverage was
4.1x. This was primarily due to the $199 million revolver loan
balance outstanding at YE 2021, which was repaid in early 2022. PEO
received higher distribution from Gulf Wind and Henvey to offset
lower distribution from three Texas projects.

In the next four years, Fitch expects PEO's holdco-only FFO
leverage to average in the high 3x. The calculation incorporates
50% equity credit (EC) for the perpetual preferred stock which
mirrors the preferreds at Pattern Energy Group LLC (PEG LLC),
making PEO a de facto issuer of the instrument. The preferred
dividends are cumulative. But dividends can be paid by cash only,
not equity. Additionally, holders have the option to redeem within
15 years under certain events. Management's target of Debt to
EBITDA between 3x to 4x assumes 100% equity credit for the
preferred stock.

Investment Grade Projects: PEO structures most of its projects to
be investment-grade. All projects except for Western Interconnect
have a required debt service coverage ratio (DSCR) of 1.2x.
Projects typically post DSCRs well in excess of the minimum and
management targets DSCR of greater than 1.5x. In 2021, the average
DSCR was 1.6x. Turbine availability averages approximately 97%. PEO
has turbine availability warranties from its turbine manufacturers
and minimum availability service guarantees from service
providers.

Parent Subsidiary Linkage: Fitch rates PEO on a standalone basis.
The leverage target provides credit protection for PEO. PEO's
financing companies have their own credit facilities. PEO holds
only operational assets but it can lend its liquidity to the
development affiliates. However, Fitch does not expect this to be
material enough to warrant a rating linkage. There is no
corporate-level debt at the development affiliates or PEGLP, and
management is committed to not incurring incremental debt in the
future at entities above PEO.

Recovery Ratings: Fitch's 'RR4' Recovery Rating for the senior
unsecured debt denotes average recovery (31%-50%) in the event of
default, providing no uplift from the IDR.

DERIVATION SUMMARY

Fitch rates PEO on a deconsolidated basis, because its portfolio
comprises assets financed using non-recourse project debt or with
tax equity. Fitch applies similar approach to Leeward Renewables
Energy Operations (LREO, BB-/Stable), Terraform Power Operating
LLC. (TERPO; BB-/Stable), and Atlantica Sustainable Infrastructure
plc (AY; BB+/Stable), all of which own and operate portfolios of
nonrecourse projects. Fitch views LREO as PEO's closest peer due to
similar assets, size, and company structure.

PEO and LREO's nearly 100% wind generation assets exhibit more
resource variability, a negative. In comparison, AY's solar
generation accounts for approximately 68% of power generation
capacity and 89% of renewable generation. TERP's portfolio consists
of 43% solar and 57% wind projects.

PEO's operating scale (3.4 GW proportionate capacity) is larger
than AY and LREO but smaller than TERPO. PEO's long-term contracted
fleet has a remaining contracted life of 12 years, compared with
AY's 15 years, TERPO's 12 years and LREO's 10 years. Nearly 100% of
AY's output is contracted or regulated, compared with PEO's 91%,
LREO's 85% and TERPO's 95%.

PEO's asset concentration has increased as Western Sprit came
online which represents over 25% of the capacity and distribution.
Top five assets are expected represent 54% of total distribution in
the next few years. LREO's asset concentration is currently high
but is expected to stabilize at a similar level as PEO. For AY and
TERPO, top five projects account for approximately 41% and 30%.

Fitch views PEO's geographic exposure in the U.S. and Canada
favorably compared with TERPO's 68% and AY's 30% in the U.S.
However, PEO's contracted and hedged exposure in Texas carry higher
tail risks than peers.

Fitch forecasts PEO's holdco only FFO leverage to be in the high
3x. LREO's holdco FFO leverage is expected to average 4x in
2022-2023, compared with mid-3.0x for AY and around 4x to 5x for
TERP.

PEO's private ownership, similar to LREO and TERPO, is overall more
advantageous than a public yieldco's. It removes the pressure for
aggressive growth in distribution. AY's distribution per unit
growth target is 8%-10%. Additionally, strong private sponsors
provide a more predictable funding source and remove capital market
uncertainties.

CPPIB's indirect ownership of PEO (72%) is viewed positively given
its large scale and track record as a diversified long-term
investor. Owners committed $1 billion for asset development and
operations for Pattern's entities which PEO indirectly benefited
from. TERPO benefits from having Brookfield Asset Management (BAM,
A-/Stable) as a sponsor. For AY, Algonquin Power &Utilities Corp.
(BBB/Stable) is a relatively weaker sponsor in terms of size and
credit quality. It has 44.2% ownership interest in AY.

KEY ASSUMPTIONS

- St. Joseph project refinancing in 3Q22;

- Montour Solar to come online in 2023;

- Lanfine Wind to come online in 2023;

- Partial repurchase of 2028 notes in 2022.

RATING SENSITIVITIES

Factors that could, individually or collectively, lead to positive
rating action/upgrade:

- Holdco-only FFO leverage below 3.6x on a sustained basis;

- A track record of adhering to the financial policies under the
new private ownership;

- Solar capacity reaches 40% of the portfolio;

- Improved diversification such that Western Spirit becomes less
than 10% of the capacity and distribution.

Factors that could, individually or collectively, lead to negative
rating action/downgrade:

- Holdco-only FFO leverage at or above 4.6x on a sustained basis;

- Change or deviate from the financial policies;

- Underperformance in the underlying assets that lends material
variability or shortfall to expected project distributions on a
sustained basis;

- Lack of access to capital that leads PEO to deviate from its
target capital structure.

ISSUER PROFILE

PEO owns and operates 5.3 GW predominantly wind projects (PEO's
share is 3.4 GW) located in six wind regions in the U.S. and
Canada. It is indirectly owned by Canada Pension Plan Investment
Board, Riverstone Holdings and Pattern management.

   Entity/Debt           Rating        Recovery   Prior
   -----------           ------        --------   -----
Pattern Energy
Operations LP     LT IDR BB- Affirmed               BB-

   senior
   unsecured      LT     BB- Affirmed     RR4       BB-


PECOS INN: Amends Tax Creditor Claims Pay Details
-------------------------------------------------
Pecos Inn, LLC, submitted an Amended Plan of Reorganization.

The Debtor proposes to restructure its current indebtedness and
continue its operations to provide a dividend to the creditors of
Debtor.

Class 2 pertains to the allowed secured claim of Reeves County in
the amount of $8,901.21 and the allowed secured claim of Reeves
County Tax Districts in the amount of $43,555.66. The Reeves County
and Reeves County Tax Districts allowed secured claims in the
amount of $8,901.21 and $43,555.66 respectively shall be paid in
full in 48 equal consecutive monthly installments, with the first
payment being made on the first day of the first full month
following the effective date.

Post-petition interest will accrue at the rate of 12% per annum
from the petition date until the effective date and thereafter,
plan interest at the rate of 12% per annum shall accrue from the
effective date until the tax debt is paid in full.

In the event the Reorganized Debtor sells, conveys or transfers any
of the properties which are the collateral of the Reeves County and
Reeves County Tax District's claims or post confirmation tax debts,
the Debtor shall remit such sales proceeds first to Reeves County
and to Reeves County Tax Districts to be applied to the Reeves
County and Reeves County Tax Districts tax debt incident to any
such property/tax account sold, conveyed or transferred and such
proceeds shall be disbursed by the closing agent at the time of
closing prior to any disbursement of the sale proceeds to any other
person or entity.

The Reorganized Debtor may pre-pay the pre-petition tax Debt to
Reeves County and Reeves County Tax Districts at any time. The
Reorganized Debtor shall have 60 days from the effective date to
object to the Reeves County and Reeves County Tax District claims;
otherwise, the Reeves County and Reeves County Tax District claims
shall be deemed as allowed secured claims in the amount of the last
amended Proofs of Claim.

Like in the prior iteration of the Plan, all unsecured creditors in
Class 7 shall share pro rata in the unsecured creditors pool. The
Debtor shall make monthly payments commencing 30 days after the
effective date of $2,500 into the unsecured creditors' pool. The
Debtor shall make 60 payments into the unsecured creditors pool.
The Class 7 creditors are impaired.

Class 8 consists of the Current Owner.  The current owner will
receive no payments under the Plan; however, he will be allowed to
retain his ownership in the Debtor.  Class 8 claimants are not
impaired under the Plan.

The Debtor anticipates the continued operations of the business to
fund the Plan. The Debtor shall be the Disbursing Agent under the
Plan.

A full-text copy of the Amended Plan dated December 8, 2022, is
available at https://bit.ly/3FnqhC8 from PacerMonitor.com at no
charge.

Proposed Attorney for the Debtor:

     Eric A. Liepins, Esq.
     Eric A. Liepins, P.C.
     12770 Coit Road, Suite 850
     Dallas, TX 75251
     Tel: (972) 991-5591
     Fax: (972) 991-5788
     Email: eric@ealpc.com

                         About Pecos Inn

Pecos Inn, LLC, owns the Pecos Inn located at 2207 West 3rd St.,
Pecos, Texas. The property is valued at $1 million based on bank
appraisal.

On July 28, 2022, Pecos filed a petition under Chapter 11,
Subchapter V of the Bankruptcy Code (Bankr. W.D. Texas Case No.
22-70099), listing $1 million to $10 million in both assets and
liabilities.  Brad W. Odell has been appointed as Subchapter V
trustee.

Judge Tony M. Davis oversees the case

Eric A. Liepins, Esq., at Eric A. Liepins, P.C., is the Debtor's
counsel.


PG&E CORP: FVT Sells 60 Million Add'l Shares to Raise $908 Million
------------------------------------------------------------------
Cathy Yanni, the Trustee of the Fire Victim Trust (FVT), on Dec. 15
announced three material developments in the administration of the
trust that are significant wins for California fire survivors. On
Monday, December 12th, given favorable market conditions, FVT sold
60 million PG&E shares to raise $908 million for the Trust. FVT was
also able to reach an Agreed Claim Amount with Adventist Health,
the tenth claim resolution reached of the original 12 opt-out
parties approved by the Bankruptcy Court. Finally, FVT achieved its
goal for 2022 of issuing determination notices on 90% of claims
questionnaires filed.

"It's a great way to end the year. All of these developments mark
real progress, and we hope the news will be well-received by fire
survivors," said Cathy Yanni. "We go into 2023 knowing there is
more work to be done but also feeling good about what has been
accomplished this year."

PG&E stock sale: On July 1, 2020, 476,995,175 shares of common
stock were transferred to the Trust followed on August 3, 2020,
with an additional 748,415 shares transferred. To date, 230 million
shares have been sold by the Trust in five sales -- Jan 31, 2022
(40 MM shares); April 14 (60 MM shares); Oct 4 (35 MM shares); Oct
27 (35 MM shares); Dec 12 (60 MM shares). Any sale, disposition or
other transaction involving the Trust's shares follow strict
guidelines as outlined in filings with the U.S. Bankruptcy Court
and the U.S. Securities and Exchange Commission.

Opt-out cases: The resolution of the Adventist Health claim allows
FVT to take a more accurate account of its financial position and
the total funds available to fire victims. The Trust reached this
agreement through strict adherence to its claim procedures, which
are consistently applied to all claims the Trust is tasked with
processing by the U.S. Bankruptcy Court. The two remaining claims
are with Comcast and AT&T.

The Fire Victim Trust:

The Fire Victim Trust -- http://www.firevictimtrust.com--
evaluates, administers, processes and resolves eligible claims
arising from the 2015 Butte Fire, 2017 North Bay Fires, and 2018
Camp Fire. Under the direction of the Trustee and Claims
Administrator, the Fire Victim Trust provides an efficient and
equitable process to review claims and compensate fire victims for
both economic and noneconomic damages caused by these fires,
including destruction or damage to real estate and personal
property, additional living expenses, lost wages, business losses,
personal injury or death and related medical expenses, and
emotional distress. To date, the Fire Victim Trust has disbursed
$5.84 billion to fire victims.

                     About PG&E Corporation

PG&E Corporation (NYSE: PCG) -- http://www.pgecorp.com/-- is a
Fortune 200 energy-based holding company, headquartered in San
Francisco. It is the parent company of Pacific Gas and Electric
Company, an energy company that serves 16 million Californians
across a 70,000-square-mile service area in Northern and Central
California.

PG&E Corporation and its regulated utility subsidiary, Pacific Gas
and Electric Company, faced extraordinary challenges relating to a
series of catastrophic wildfires that occurred in Northern
California in 2017 and 2018. The utility faced an estimated $30
billion in potential liability damages from California's deadliest
wildfires of 2017 and 2018.

On Jan. 29, 2019, PG&E Corp. and its primary operating subsidiary,
Pacific Gas and Electric Company, filed voluntary Chapter 11
petitions (Bankr. N.D. Cal. Lead Case No. 19-30088).  As of Sept.
30, 2018, the Debtors, on a consolidated basis, had reported $71.4
billion in assets on a book value basis and $51.7 billion in
liabilities on a book value basis.

Weil, Gotshal & Manges LLP and Cravath, Swaine & Moore LLP served
as PG&E's legal counsel, Lazard as its investment banker and
AlixPartners, LLP as the restructuring advisor to PG&E. Prime Clerk
LLC served as the claims and noticing agent.

PG&E has appointed James A. Mesterharm, a managing director at
AlixPartners, LLP, and an authorized representative of AP Services,
LLC, to serve as Chief Restructuring Officer. In addition, PG&E
appointed John Boken also a Managing Director at AlixPartners and
an authorized representative of APS, to serve as Deputy Chief
Restructuring Officer.

Morrison & Foerster LLP served as the Debtors' special regulatory
counsel. Munger Tolles & Olson LLP also served as special counsel.

The Office of the U.S. Trustee appointed an official committee of
creditors on Feb. 12, 2019. The Committee retained Milbank LLP as
counsel; FTI Consulting, Inc., as financial advisor; Centerview
Partners LLC as investment banker; and Epiq Corporate
Restructuring, LLC as claims and noticing agent.

On Feb. 15, 2019, the U.S. trustee appointed an official committee
of tort claimants.  The tort claimants' committee is represented by
Baker & Hostetler LLP.

                          *     *     *

PG&E Corporation and Pacific Gas and Electric Company announced
July 1, 2020, their emergence from Chapter 11, successfully
completing the restructuring process and implementing PG&E's Plan
of Reorganization that the Bankruptcy Court confirmed on June 20,
2020.

For the benefit of fire victims, the Plan provided for a Fire
Victim Trust, which was funded with an oft-stated value of $13.5
billion, to be half in cash and half in new company PG&E common
stock.  The $6.75 billion in cash was paid.  With respect to the
stock consideration, 478 million shares of PG&E stock were
delivered to the Fire Victim Trust in accordance with an agreed-to
formula under the Plan.



POLAR US: XAI OFRAITT Marks $860,800 Loan at 19% Off
----------------------------------------------------
XAI Octagon Floating Rate & Alternative Income Term Trust has
marked its $860,805 loan extended to Polar US Borrower LLC to
market at $694,386, or 81% of the outstanding amount, as of
September 30, 2022, according to a disclosure contained in XAI
OFRAITT's Form N-CSR for the fiscal year ended September 30, filed
with the Securities and Exchange Commission on December 1.

XAI OFRAITT extended a Senior Secured First Lien Loan to Polar US
Borrower LLC.  The loan currently has an interest rate of 7.21% (3M
US L + 4.75%) and is scheduled to mature on October 15, 2025.

XAI OFRAITT is a diversified, closed-end management investment
company. The Trust seeks attractive total return with an emphasis
on income generation across multiple stages of the credit cycle.

Polar US Borrower, LLC is a subsidiary of SK Blue Holdings, LP,
which was formed by SK Capital Partners to facilitate its
acquisition of SI Group, Inc., a global developer and manufacturer
of performance additives and intermediates.



PULSE FITNESS: Unsecureds to Get $2K per Quarter for 3 Years
------------------------------------------------------------
Pulse Fitness, LLC filed with the U.S. Bankruptcy Court for the
Eastern District of Michigan a Plan of Reorganization dated
December 8, 2022.

The Debtor is a Michigan limited liability company that is
presently located at 400 E. 10 Mile Road, Pleasant Ridge, MI 48069.
The Debtor is a unique gym that offers members a non-judgmental and
customized approach to their physical fitness.  

The Debtor was obviously struck hard during the Covid-19 pandemic
and resulting shut down orders from the State of Michigan; however,
the Debtor believes it has a viable reorganization path forward
through the Chapter 11 process. The Debtor commenced this Case as a
means to facilitate an orderly restructuring of its outstanding
obligations and believes its efforts will maximize recovery to all
constituents.

Class I shall receive payments and treats the Allowed Secured Claim
of Invest Detroit, LLC. Invest Detroit shall possess an Allowed
Secured Claim in the amount of $62,533.04 against the Debtor's
assets to the extent as set forth in their security instruments and
UCC-1 financing statement filed with the State of Michigan
Department of State bearing filing numbers 2016103541-5 and
20210406000155-6 (the "Invest Detroit Claim"). The Invest Detroit
Claim shall be paid in full on or before February 28, 2026 with
accrued interest of 7.00% per annum until paid in full. There shall
be no penalty for prepayment of the Invest Detroit Claim. Payments
shall be made in monthly installments of $1,931.00 dollars on or
before the 10th of each month and shall continue as set forth
herein until the Invest Detroit Claim is paid.

Class II shall receive payments and treats the Claim of Iron Ridge
Holdings, LLC. The Debtor shall repay any amounts owed to Iron
Ridge from prior to the Petition Date by making, in addition to its
regular rental payments for the real property located at 400 E. 10
Mile Road, Pleasant Ridge, MI (the "Lease") by making additional
payments of $2,500.00 dollars per month from February 2023 through
November 2023 and additional payments of $5,000.00 dollars per
month from December 2023 through February 2033. The Lease shall
otherwise be assumed by the Debtor.

Class III will not receive payments and treats the Claim of
Greenseed, LLC. On the Effective Date, any collateral under the
agreement by and between the Debtor and Greenseed shall be
surrendered to Greenseed. After selling such collateral in a
commercially reasonable manner, any deficiency claim of Greenseed
shall be treated as a general unsecured claim and will be treated
as a Class IV holder of Allowed Unsecured Claim.

Class IV consists of the Holders of Allowed Unsecured Claims.
Neither pre-confirmation interest nor post-confirmation interest on
Allowed Class III Claims will be paid. A Creditor in this Class
shall receive a pro rata distribution incident to it's Allowed
Unsecured Claim based on 4 payments each year on a quarterly basis
of $2,000.00 per quarter for 3 years. The first payment shall be
due on or before March 31, 2023. Such payments shall continue to be
made on the same date each quarter until the earlier occurs of (i)
the respective Claim is paid in full; or (ii) December 2025. This
Class is Impaired.

Class V shall consist of the Interests of the Debtor. Holders of
the Interests shall retain their interests in the Debtor and
Reorganized Debtor in the same manner as percentage upon
confirmation of the Plan.

On the Effective Date, all of the Debtor's rights, titles, and
interests in and to all Assets shall revest in the Reorganized
Debtor to be operated and distributed by the Reorganized Debtor
pursuant to the provisions of this Plan.

A full-text copy of the Plan of Reorganization dated December 8,
2022, is available at https://bit.ly/3uOwBO3 from PacerMonitor.com
at no charge.

Counsel for Debtor:

     Elliot G. Crowder, Esq.
     Ernest M. Hassan, III
     Stevenson & Bullock, P.L.C.
     26100 American Drive, Suite 500
     Southfield, MI 48034
     Phone: (248) 354-7906
     Facsimile: (248) 354-7907
     Email: ecrowder@sbplclaw.com
     Email: ehassan@sbplclaw.com

                      About Pulse Fitness

Pulse Fitness, LLC operates a gym located in Pleasant Ridge,
Michigan, that offers members a customized approach to their
physical fitness.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. Mich. Case No. 22-47113) on September
9, 2022. In the petition signed by Scott Genord, manager, the
Debtor disclosed up to $500,000 in assets and up to $1 million in
liabilities.

Judge Mark A. Randon oversees the case.

Elliot G. Crowder, Esq., at Stevenson & Bullock, P.L.C. is the
Debtor's counsel.


QUANERGY SYSTEMS: Files Chapter 11 to Facilitate Sale of Business
-----------------------------------------------------------------
Quanergy Systems, Inc., a leading provider of LiDAR sensors and
smart 3D solutions, on Dec. 13 disclosed that the Company initiated
an orderly sale process for its business. To facilitate the sale
and maximize value, the Company filed for protection under Chapter
11 ("Chapter 11") of the U.S. Bankruptcy Code (the "Bankruptcy
Code") in the United States Bankruptcy Court for the District of
Delaware (the "Bankruptcy Court") and intends to pursue a sale of
the business under section 363 of the Bankruptcy Code.

Quanergy also disclosed that Kevin Kennedy, Chief Executive
Officer, will retire effective December 31, 2022, but will continue
to serve as non-executive Chair of the Board of Directors. Mr.
Kennedy will transition executive leadership to a newly appointed
Chief Restructuring Officer and President, Lawrence Perkins.

"It has been my honor to serve as CEO at Quanergy for the past 2.5
years," said Kevin Kennedy, Chief Executive Officer of Quanergy.
"During this time, the company shifted our technology focus towards
security and industrial applications which enabled the company to
grow revenue by serving customer needs in a new marketplace. The
Board and I have agreed that it is an appropriate time for me to
transition day-to-day leadership to our capable newly appointed
Chief Restructuring Officer. I will continue to provide guidance,
continuity, and support as non-executive Board Chair."

Mr. Perkins is the founder and Chief Executive Officer of
SierraConstellation Partners, an interim management and advisory
firm, which he founded in 2013. Mr. Perkins has served in a variety
of senior-level positions, including interim CEO/President, Chief
Restructuring Officer, board member, financial advisor, strategic
consultant, and investment banker, to numerous private and public
middle-market companies.

Prior to the filing of the Company's Chapter 11 case, the Board of
Directors and management evaluated a wide range of strategic
alternatives to maximize value for all stakeholders. The Company
also significantly reduced operating expenses and resolved
significant patent litigation with Velodyne. Now with the
protections afforded by the Bankruptcy Code, the Company intends to
broaden its marketing efforts to potential purchasers interested in
specific business segments or assets as well as continuing to seek
a going concern sale of the business.

The Company expects to continue operations during the Chapter 11
process and seeks to complete an expedited sale process with
Bankruptcy Court approval. To help fund and protect its operations,
Quanergy intends to use available cash on hand along with normal
operating cash flows to fund post-petition operations and costs in
the ordinary course.

"Quanergy has made considerable efforts to address ongoing
financial challenges stemming from volatile capital market
conditions," said Lawrence Perkins, Chief Restructuring Officer and
President of Quanergy. "Despite these challenges, the Company has
seen improving demand in the security, smart spaces, and industrial
markets, and improvements in supply chain conditions. We are
confident that Quanergy's efforts have positioned the Company for a
value-maximizing transaction during the Chapter 11 sale process.
During the process, we will continue to prioritize the needs of our
customers and I am thankful to the entire Quanergy team for their
continued efforts and contributions to the business."

The Company has filed customary motions with the Bankruptcy Court
intended to allow Quanergy to maintain operations in the ordinary
course including, but not limited to, paying employees and
continuing existing benefits programs, meeting commitments to
customers and fulfilling go-forward obligations, including vendor
payments. Such motions are typical in the Chapter 11 process and
Quanergy anticipates that they will be heard in the first few days
of its Chapter 11 case.

For more information about the Company's Chapter 11 case, including
claims information, please visit https://cases.stretto.com/Quanergy
or call our hotline at 855-613-0451 (for toll-free U.S. and Canada
calls) or 949-889-0181 (for tolled international calls).

Cooley LLP is serving as counsel, Young Conaway Stargatt & Taylor
LLP is serving as co-counsel, Raymond James & Associates, Inc. is
serving as investment banker, and FTI Consulting is serving as
financial advisor to Quanergy.

                      About Quanergy Systems

Quanergy's (OTC: QNGY) mission is to create powerful, affordable
smart LiDAR solutions for IoT applications to enhance people's
experiences and safety. Through Quanergy's smart LiDAR solutions,
businesses can now leverage real-time, advanced 3D insights to
transform their operations in a variety of industries including
industrial automation, physical security, smart cities, smart
spaces and much more. Quanergy solutions are deployed by nearly 400
customers across the globe. For more information, visit
www.quanergy.com



RADIOLOGY PARTNERS: XAI OFRAITT Marks 2025 Loan at 16% Off
----------------------------------------------------------
XAI Octagon Floating Rate & Alternative Income Term Trust has
marked its $705,573 loan extended to Radiology Partners, Inc to
market at $589,154, or 84% of the outstanding amount, as of
September 30, 2022, according to a disclosure contained in XAI
OFRAITT's Form N-CSR for the fiscal year ended September 30, filed
with the Securities and Exchange Commission on December 1.

XAI OFRAITT extended a Senior Secured First Lien Loan to Radiology
Partners, Inc. The loan currently has an interest rate of 7.32% and
is scheduled to mature on July 9, 2025.

XAI OFRAITT is a diversified, closed-end management investment
company. The Trust seeks attractive total return with an emphasis
on income generation across multiple stages of the credit cycle.

Radiology Partners, Inc. is one of the largest physician-led and
physician-owned radiology practices in the U.S. Services provided
include diagnostic and interventional radiology.



RAMSDELL LAW: Case Summary & 10 Unsecured Creditors
---------------------------------------------------
Debtor: Ramsdell Law Firm, LLC
        1925 S. Linden Ave.
        Springfield, MO 65804

Chapter 11 Petition Date: December 15, 2022

Court: United States Bankruptcy Court
       Western District of Missouri

Case No.: 22-60685

Judge: Hon. Cynthia A. Norton

Debtor's Counsel: David E. Schroeder, Esq.
                  DAVID SCHROEDER LAW OFFICES, P.C.
                  1524 East Primrose St
                  Suite A
                  Springfield, MO 65804
                  Tel: (417) 890-1000
                  Email: bk1@dschroederlaw.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Daniel T. Ramsdell, sole member and
managing member.

A full-text copy of the petition containing, among other items, a
list of the Debtor's 10 unsecured creditors is available for free
at PacerMonitor.com at:

https://www.pacermonitor.com/view/6SNTPCI/Ramsdell_Law_Firm_LLC__mowbke-22-60685__0001.0.pdf?mcid=tGE4TAMA


RC HOME SHOWCASE: Case Summary & 16 Unsecured Creditors
-------------------------------------------------------
Debtor: RC Home Showcase, Inc.
        16115 NW 52nd Ave
        Hialeah, FL 33014-6205

Business Description: RC Home Home is in the glass product
                      manufacturing business.  RC designs and
                      manufactures windows, sliding glass doors,
                      glass railings and curtain wall.

Chapter 11 Petition Date: December 15, 2022

Court: United States Bankruptcy Court
       Southern District of Florida

Case No.: 22-19571

Judge: Hon. Laurel M. Isicoff

Debtor's Counsel: Chad Van Horn, Esq.
                  VAN HORN LAW GROUP, P.A.
                  500 NE 4th St Ste 200
                  Fort Lauderdale, FL 33301-1163
                  Tel: (954) 765-3166
                  Email: chad@cvhlawgroup.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Eusebio Paredes as president.

A copy of the Debtor's list of 16 unsecured creditors is available
for free at PacerMonitor.com at:

https://www.pacermonitor.com/view/2KDAWMA/RC_Home_Showcase_Inc__flsbke-22-19571__0002.0.pdf?mcid=tGE4TAMA

A full-text copy of the petition is available for free at
PacerMonitor.com at:

https://www.pacermonitor.com/view/N25OHFY/RC_Home_Showcase_Inc__flsbke-22-19571__0001.0.pdf?mcid=tGE4TAMA


REVERSE MORTGAGE: Lays Off 44 Employees at Gold River Office
------------------------------------------------------------
Mark Anderson of the Sacramento Business Journal reports that
Reverse Mortgage Funding LLC laid off 44 employees at its office in
Gold River after its parent company filed for Chapter 11 bankruptcy
protection.

Bloomfield, New Jersey-based Reverse Mortgage Funding and its
parent company Reverse Mortgage Investment Trust Inc. filed for
bankruptcy at the end of November 2022.  

The company provides reverse mortgage financing.  Reverse mortgages
are a form of financing used by seniors who are short of income to
get monthly payments from the equity in their homes.

Mortgage Professional America magazine reported that the company
laid off 80% of its staff, more than 400 people.

The local layoff of 44 people was reported to the state Employment
Development Department on Wednesday, with an effective date of Nov.
29, 2022 the day before the bankruptcy filing.

The company has corporate headquarters in New Jersey, two offices
in New York and the Gold River office.

In a news release, Reverse Mortgage Investment Trust said it filed
for bankruptcy protection because of "interest rate hikes combined
with credit spread widening and overall volatility in fixed income
markets."

The company said it has paused all origination of new reverse
mortgages as it seeks debtor-in-possession financing. DIP
financing, which banks provide to companies in bankruptcy,
generally has first priority to be repaid over other claims in a
bankruptcy filing.

Reverse Mortgage Finance and Reverse Mortgage Investment Trust are
affiliated with Starwood Capital Group, a Miami Beach,
Florida-based real estate investment firm.

            About Reverse Mortgage Investment Trust

Reverse Mortgage Investment Trust Inc. is an originator and
servicer of reverse mortgage loans.

Reverse Mortgage and four of its affiliates sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case
No. 22-11225) on Nov. 30, 2022.  In the petition signed by CEO
Craig Corn, the Debtors disclosed up to $50 billion in both assets
and liabilities.  Judge Mary F. Walrath oversees the case.

The Debtors tapped Sidley Austin LLP as general bankruptcy counsel,
Benesch, Friedlander, Coplan, and Aronoff LLO as local bankruptcy
counsel, FTI Consulting Inc. as financial advisor, and Kroll
Restructuring Administration LLC as noticing and claims agent.

Leadenhall Capital Partners LLP, as agent to the postpetition
secured lenders, is advised by Latham & Watkins LLP and Young,
Conaway Stargatt & Taylor LLP, as counsel; BRG, as financial
advisor; and Moelis as investment banker.


RISING TIDE: XAI OFRAITT Marks $250,400 Loan at 15% Off
-------------------------------------------------------
XAI Octagon Floating Rate & Alternative Income Term Trust has
marked its $250,477 loan extended to Rising Tide Holdings Inc to
market at $213,406, or 85% of the outstanding amount, as of
September 30, 2022, according to a disclosure contained in XAI
OFRAITT's Form N-CSR for the fiscal year ended September 30, filed
with the Securities and Exchange Commission on December 1.

XAI OFRAITT extended a Senior Secured First Lien Loan to Rising
Tide Holdings Inc. The loan currently has an interest rate of 7.87%
(3M US L + 4.75%) and is scheduled to mature on June 1,  2028.

XAI OFRAITT is a diversified, closed-end management investment
company. The Trust seeks attractive total return with an emphasis
on income generation across multiple stages of the credit cycle.

Rising Tide Holdings, Inc. is a specialty marine aftermarket
retailer. Rising Tide is controlled by investment funds affiliated
with L Catterton following a leveraged buyout in May 2021.



SALEM CONSUMER: Court Adopts Suggestions to Remand/Abstention
-------------------------------------------------------------
BELFOR Group, Inc., Plaintiff, v. Salem Consumer Square OH, LLC, et
al., Defendants, Case No. 3:21-cv-78, (S.D. Ohio), District Judge
Walter H. Rice for the Southern District of Ohio adopts the
Recommendations of Bankruptcy Judge Guy R. Humphrey and overrules
the objections filed by Salem Consumer Square OH, LLC, Moonbeam
Capital Investments, LLC ("MCI"), and Leon Williams, Jr.

On April 22, 2022, Bankruptcy Judge Guy R. Humphrey for the
Southern District of Ohio issued Recommendations concerning four
motions. Judge Humphrey recommended that this case be remanded to
the Common Pleas Court of Montgomery County, Ohio. Alternatively,
he recommended that the Court exercise permissive abstention under
28 U.S.C. Section 1334(c)(1). Judge Humphrey further recommended
that the litigation not be stayed until the Adversary Proceeding
between BELFOR and Salem in the Pennsylvania Bankruptcy Case is
concluded and that this case not be transferred to the U.S.
District Court for the Western District of Pennsylvania pursuant to
28 U.S.C. Section 1412.

Salem, MCI and Williams argue that this Court should reject the
Recommendations because Judge Humphrey failed to consider or
misapplied the relevant factors when he recommended remand or
permissive abstention. They also repeat in their Objections many of
the same arguments that were made by them in their motions.
Specifically, Salem, MCI and Williams argue in their Objections
that the "most practical solution" is staying the case until the
Adversary Proceeding between Salem and BELFOR is concluded in the
Pennsylvania Bankruptcy Court. Salem, MCI and Williams also assert
that if the Court decides not to stay the litigation, then this
case should be transferred to the District Court for the Western
District of Pennsylvania, claiming that it would lessen the risk of
inconsistent outcomes and promote judicial efficiency and economy.

The Court overrules the objections of Salem, MCI and Williams, upon
finding that remand to the state court, pursuant to Section
1452(b), is warranted. The Court reasons that (a) transfer of this
case would not lessen any duplication or use of judicial resources
because the fact discovery has already been concluded in the
Adversary Proceeding and a bifurcated trial is scheduled to
commence Feb. 1, 2023; (b) BELFOR, the involuntarily removed party,
would be unfairly prejudiced if this case is not remanded to state
court; (c) forum non conveniens and comity considerations weigh in
favor of remand because the remediated property is located in
Trotwood, Ohio, and at least some of the witnesses to the work
performed at the site are also located in Montgomery County, Ohio;
(d) the state court is able to handle this case since BELFOR's
Amended Complaint against MCI and its Complaint against Williams
assert only state law causes of action; and (e) the state court
judge has sufficient "expertise" in the state law claims at issue
in this case.

The Court further reasons that the state court judge (a) presided
over the State Court Case for over a year before it was removed by
Salem, (b) resolved some discovery disputes and (c) is familiar
with the state law claims of contract, tort and declaratory
judgment asserted against MCI and Williams. Moreover, the Court
believes that the attorneys' familiarity with discovery issues and
disputes in the Adversary Proceeding and the access of the state
court judge to the docket and decisions in the Salem Bankruptcy
Case will enable the state court to expeditiously and fairly
resolve any discovery issues that might arise that are arguably
related to Salem and could potentially create a result inconsistent
with proceedings in the AP.

Likewise, the Court finds that permissive abstention is appropriate
in this case. The Court holds that if it abstains, it will have
little to no effect on the efficient administration of the Salem
Bankruptcy Case because Salem's Plan has been confirmed, the
Effective Date has passed and Salem (a reorganized debtor) has only
one adversary proceeding left. The Court also notes that while the
Plan is being funded by MCI's settlement with Salem, as well as
from other sources, if this proves to be insufficient, an entity
referred to as "Beacon Commercial Limited will provide the funds
necessary to Salem to make all Plan payments.

The Court also reasons that the state law issues predominate over
bankruptcy issues -- BELFOR's asserted claims against MCI and
Williams are based on state law consisting of contract, tort and
declaratory judgment. Likewise, there is "no suggestion that the
state law issues in these cases are unique, unsettled, or
difficult." The Court also notes that the case was removed to this
Court from the Common Pleas Court of Montgomery County, Ohio.
Accordingly, this factor weighs in favor of abstention.

Based upon the Notice of Removal, the Court's jurisdiction was
exclusively premised on 28 U.S.C. Section 1334(b). Because it was
never relied upon by Salem, the Court concludes that it has been
waived. For purposes of subject matter jurisdiction, the Court
determines that BELFOR's claims against MCI and Williams are
"related to" Salem's Bankruptcy Case pursuant to Section 1334(b).

The Court also notes that while the Adversary Proceeding is only
between BELFOR and Salem and the State Court Case is between MCI
and Williams, the two cases are related and not remote. Salem,
however, is now a reorganized debtor with a confirmed Plan.
Additionally, MCI was, but is no longer Salem's parent company.

The Court ascertains that BELFOR's claims against Salem have
already been effectively severed and the Adversary Proceeding will
resolve these claims as provided for under the Bankruptcy Plan.
BELFOR's claims against MCI and Williams are state law claims and
include both punitive damages and a jury demand thereby making the
feasibility of severing these claims and transferring them to the
Pennsylvania Bankruptcy Court impossible. Additionally, a transfer
to the District Court of Pennsylvania pursuant to Section 1446 of
these claims would be futile since given that fact discovery is
closed in the Adversary Proceeding and the remediated property and
many witnesses are in Ohio.

The likelihood of the commencement of the proceeding in
Pennsylvania Bankruptcy Court by Salem raises some concerns with
forum shopping. The Court notes that in its argument for diversity
jurisdiction, Salem has contended that it is an Ohio entity, MCI is
allegedly a Nevada entity and Williams is a resident of New York.
Additionally, there is no dispute that the remediated property is
located in Montgomery County, Ohio. BELFOR asserts in its response
that the only connection to the Pennsylvania Bankruptcy Court is "a
relationship to a former Pennsylvania debtor [STM] and counsel
located in Pittsburgh."

The Court notes that MCI and Williams are non-debtors and are not
subject to the automatic stay. The Court further notes that Salem's
Plan specifically provides that BELFOR can pursue "enforcement of
its legal and equitable rights against" MCI and Williams.

Since there are only two Defendants, MCI and Williams, one
Plaintiff, BELFOR, and no mass tort litigation, using the
"flexible, factor-based balancing test. . .," the Court finds that
permissive abstention is appropriate.

Finally, the Court finds that mandatory abstention also applies
since BELFOR (1) made a timely motion; (2) the State Court Case is
based upon state law; (3) it is related to the Salem Bankruptcy but
did not "arise in" or "arise under" the case; (4) it could not have
been commenced in federal court absent Section 1334 jurisdiction;
(5) the State Court Case was properly commenced in Montgomery
County Common Pleas Court; and (6) it can be timely adjudicated
there.

A full-text copy of the Decision dated Dec. 1, 2022, is available
at https://tinyurl.com/343k56xu from Leagle.com.

                       About Salem Consumer

Salem Consumer Square OH LLC is a Single Asset Real Estate debtor
(as defined in 11 U.S.C. Section 101(51B)). It owns and operates
the shopping center known as "Salem Consumer Square" located at
5447 Salem Avenue, Dayton, OH 45426.

On January 5, 2021, Salem Consumer Square sought Chapter 11
protection (Bankr. W.D. Pa. Case No. 21-20020). The Debtor
disclosed total assets of $3,385,461 and total liabilities of
$3,134,072. The case is assigned to The Honorable Carlota M. Bohm.
Bernstein-Burkley, P.C., led by Kirk B. Burkley, is the Debtor's
counsel.



SHUTTERFLY LLC: XAI OFRAITT Marks $671,400 Loan at 38% Off
----------------------------------------------------------
XAI Octagon Floating Rate & Alternative Income Term Trust has
marked its $671,491 2021 Refinancing B loan extended to Shutterfly,
LLC to market at $417,201, or 62% of the outstanding amount, as of
September 30, 2022, according to a disclosure contained in XAI
OFRAITT's Form N-CSR for the fiscal year ended September 30, filed
with the Securities and Exchange Commission on December 1.

XAI OFRAITT extended a Senior Secured First Lien Loan to
Shutterfly, LLC. The loan currently has an interest rate of 8.67%
(3M US L + 5.00%) and is scheduled to mature on September 25,
2028.

XAI OFRAITT is a diversified, closed-end management investment
company. The Trust seeks attractive total return with an emphasis
on income generation across multiple stages of the credit cycle.

Shutterfly, LLC. is an American photography, photography products,
and image sharing company headquartered in Redwood City,
California.



SKILLSOFT FINANCE: XAI OFRAITT Marks 2028 Loan at 15% Off
---------------------------------------------------------
XAI Octagon Floating Rate & Alternative Income Term Trust has
marked its $358,217 loan extended to Skillsoft Finance II, Inc to
market at $303,768, or 85% of the outstanding amount, as of
September 30, 2022, according to a disclosure contained in XAI
OFRAITT's Form N-CSR for the fiscal year ended September 30, filed
with the Securities and Exchange Commission on December 1.

XAI OFRAITT extended a Senior Secured First Lien Loan to Skillsoft
Finance II, Inc. The loan currently has an interest rate of 7.96%
(1M SOFR + 5.25%) and is scheduled to mature on July 14, 2028.

XAI OFRAITT is a diversified, closed-end management investment
company. The Trust seeks attractive total return with an emphasis
on income generation across multiple stages of the credit cycle.

Skillsoft Finance II, Inc. is the debt issuing subsidiary of
Skillsoft Corp. which provides cloud-based e-learning, in person
training, learning management and human capital management software
solutions for enterprises, government, and education customers
through its Skillsoft, Global Knowledge, and Codecademy
businesses.



SOUTH AMERICAN: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: South American Beef, Inc.
          d/b/a Prairie Natural Meats & Premium Seafood
        1860 88th Street
        West Des Moines, IA 50266

Business Description: The Debtor specializes in the purchase,
                      import, and sales of beef, lamb, goat,
                      mutton, veal, seafood, and poultry game
                      meats from well-known packing plants.

Chapter 11 Petition Date: December 13, 2022

Court: United States Bankruptcy Court
       Southern District of Iowa

Case No.: 22-01341

Judge: Hon. Anita L. Shodeen

Debtor's Counsel: Jeffrey D. Goetz, Esq.
                  BRADSHAW, FOWLER, PROCTOR & FAIRGRAVE PC
                  801 Grand Avenue, Suite 3700
                  Des Moines, IA 50309-8004
                  Tel: 515-246-5817
                  Fax: 515-246-5808
                  Email: goetz.jeffrey@bradshawlaw.com

Debtor's
Financial &
Restructuring
Advisor:          MOLIA ADVISORS

Total Assets: $23,567,773

Total Liabilities: $23,993,243

The petition was signed by Alejandra M. Vidal-Soler as president.

A full-text copy of the petition is available for free at
PacerMonitor.com at:

https://www.pacermonitor.com/view/FNL7SWA/South_American_Beef_Inc__iasbke-22-01341__0001.0.pdf?mcid=tGE4TAMA

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount

1. Ararat Abattoirs                                        $82,288
Exports Pty Ltd
PO Box 341
Arat, VI 03377
Australia

2. Atlantic Coast                   Cold Storage           $22,417
Freezers LLC
2192 N West Blvd
Vineland, NJ 08360

3. Berkshire Refrigerated           Cold Storage           $17,261
Warehousing
P.O. Box 09284
Chicago, IL 60609

4. Big State Logistics                Trucking             $12,518
3621 Royal Rd.                        Services
Fairbanks, AK 99701

5. CenSea, Inc                        Seafood              $12,790
PO Box 74007163                      Wholesaler
Chicago, IL 60674

6. CMA CGM                                                $112,909
5701 Lake Wright Drive
Norfolk, VA 23502

7. Dabbagh/Hilal Meat                                     $216,436
Products Co Pty Ltd.
13-15 Plummer Rd
Laverton No. VI
03026
Australia

8. Eloy Delivery Inc.                 Delivery              $7,677
822 E 22nd St                         Service
Hialeah, FL 33013

9. Greenwich Terminals LLC                                $101,560
c/o Hold Logistics Corp.
101 S King St
Gloucester City, NJ 08030

10. Infomax                           Printing             $38,238
1010 Illinois St.                     Services
Des Moines, IA
50314-3047

11. J & E Imports                     Importer             $13,661
1812 Pan American                 and Distribution
St                                    Business
Calexico, CA 92231

12. John A. Steer Co.                  Custom              $19,298
1227 N. 4th St                         Broker
Philadelphia, PA 19122

13. MCG International                                     $287,970
PTY Ltd
2/242 Caroline
Springs Blvd
Caroline Springs, VI 03023
Australia

14. Mullica Hill Cold               Cold Storage           $39,354
Storage LLC                           Provider
dba Agro Merchant Groups
3 Gateway Blvd
Pedricktown, NJ 08067

15. Scotlynn USA                                          $529,294
Division, Inc
9597 Gulf Research LN
Fort Myers, FL 33912

16. Sea Blue Freight                                       $44,443
and Container
10800 Northwest
21st St Suite 200
Miami, FL 33172

17. South Marine                                          $165,487
Exports Inc.
Hunkins Waterfront
Plaza Suite 556
Main Street
Charlestown, Nevis
KN0802
West Indies

18. Stella Foods                                        $6,295,954
Australia Pty Ltd
Platinum Corp. 2
30/4 Ilya Ave
Erina NSW 2250
Australia

19. TAFS, Inc.                        Trucking             $45,303
12620 FM 1960 W,                      Services
STE A-4 3126
Houston, TX
77065

20. Teys USA Inc.                                         $336,615
Dept CH 19801
Palatine, IL 60055


SOUTHGATE TOWN: Court OKs Cash Collateral Access Thru Dec 21
------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of California
authorized Southgate Town and Terrace Homes, Inc. to use cash
collateral on an interim basis under the same terms as prior Orders
for RLC-9 through December 21, 2022.

As previously reported by the Troubled Company Reporter, in 1992
the California Department of Housing and Community Development
(HCD) through the California Housing Rehabilitation Program (CHRP)
loaned Southgate $2.198. The Note is secured by the Cooperative's
real property as well as rents. The Note has a term of 40 years at
3% interest. Payments are annual with interest only payments. The
Note was supported by a Deed of Trust, Regulatory Agreement and
CHRP regulations. HCD has alleged a number of violations of the
Regulatory Agreement and accelerated the loan and declared the full
amount due. The Debtor is current on the monetary obligations
called for under the Note but for the acceleration declared by HCD.
A non-judicial foreclosure sale was set for March 17, 2022.

The Debtor operates through an independent property management
company, Jordan Management Company, which holds the Debtor's funds
in Certified Trust Accounts. The accounts are titled Jordan
Management Company, Southgate Town and Terrace Homes, Inc.
CGA-Account. JMC has found a bank that will provide
Debtor-in-Possession accounts in compliance with the requirements
of Local Rule 2015-2 and the United States Guidelines. The Debtor
has asked the Court to authorize JMC to open a DIP account.

As relevant to cash collateral issues, the Debtor believes the cash
in the JMC accounts are unsecured because no person other than JMC
and the Debtor has a control agreement or possession of the
accounts. The only collateral constituting cash collateral will be
the monthly income generated from the ongoing operations after the
Petition Date.

A copy of the order is available at https://bit.ly/3hs4QrA from
PacerMonitor.com.

               About Southgate Town and Terrace Homes

Southgate Town and Terrace Homes Inc. is a limited equity housing
cooperative per CA Civil Code Section 817. It is a resident-owned
affordable housing community in South Sac, California.

Southgate Town and Terrace Homes sought Chapter 11 bankruptcy
protection (Bankr. E.D. Cal. Case No. 22-20632) on March 16, 2022.
In the petition filed by Mirza Baig, president, the Debtor
disclosed between $1 million and $10 million in both assets and
liabilities.

Judge Fredrick E. Clement oversees the case.

The Debtor tapped Stephen Reynolds, Esq., at Reynolds Law
Corporation, as legal counsel and Cropper Accountancy Corporation
as accountant.



SUPERIOR REAL ESTATE: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------------
Debtor: Superior Real Estate Solutions, LLC
        1122 Main St. Ste 7
        Vilonia, AR 72173

Business Description: The Debtor is part of the residential
                      building construction industry.

Chapter 11 Petition Date: December 15, 2022

Court: United States Bankruptcy Court
       Eastern District of Arkansas

Case No.: 22-13494

Judge: Hon. Bianca M. Rucker

Debtor's Counsel: Kevin P. Keech, Esq.
                  KEECH LAW FIRM, PA
                  2011 South Broadway
                  Little Rock, AR 72206
                  Tel: 501-221-3200
                  Fax: 501 221 3201
                  Email: kkeech@keechlawfirm.com

Total Assets: $1,193,000

Total Liabilities: $1,385,794

The petition was signed by Alvin Franks Jr. as authorized
signatory.

A full-text copy of the petition containing, among other items, a
list of the Debtor's 20 largest unsecured creditors is available
for free at PacerMonitor.com at:

https://www.pacermonitor.com/view/EKQWJIY/Superior_Real_Estate_Solutions__arebke-22-13494__0001.0.pdf?mcid=tGE4TAMA


TALEN ENERGY: Court Confirms Chapter 11 Reorganization Plan
-----------------------------------------------------------
Talen Energy Corporation ("TEC") and Talen Energy Supply on Dec.
15, 2022, disclosed that the Company's chapter 11 plan of
reorganization (the "Plan") has been confirmed by the U.S.
Bankruptcy Court for the Southern District of Texas (the
"Bankruptcy Court"). This milestone paves the way for the Company
to complete its strategic recapitalization, as outlined in the
Plan, and the consensual restructuring contemplated in the
restructuring support agreement ("RSA") following receipt of
regulatory approvals, which are expected in the first half of 2023.
  

The Plan received strong support from, and was approved by, the
overwhelming majority of creditors across the Company's capital
structure. As contemplated in the amended RSA, the Plan includes
the infusion of up to $1.9 billion of new equity capital pursuant
to a common equity rights offering (the "Equity Rights Offering"),
$1.55 billion of which is backstopped by various leading financial
institutions that hold approximately $1.1 billion of TES' existing
unsecured notes and will become the new owners of TEC. The Plan and
Equity Rights Offering investment achieves an approximately $3
billion reduction in TES' debt, provides for full repayment of TES'
first lien funded debt, and the consensual equitization of all of
TES' existing unsecured notes.

Chief Executive Officer Alejandro "Alex" Hernandez said, "We are
pleased to have achieved this significant milestone in the
Company's recapitalization expeditiously in a matter of only 219
days, driven by our team's tireless efforts, broad support for our
Plan by the Company's key stakeholders, and a $1.55 billion equity
commitment from our new ownership group. Our collective efforts
have placed Talen at the epicenter of key global trends, including
benefiting from recent commodity market cyclical strength, while
anchoring our long-term future to energy transition,
decarbonization, and digital infrastructure growth. I am also proud
of our team for delivering the strongest safety and operational
results in recent history through this process."

Chief Financial Officer John Chesser added, "Our strategic
recapitalization creates a strong capital structure suitable for
today's elevated commodity market and positions the Company for
growth. In addition to addressing the legacy balance sheet, we also
successfully advanced several growth initiatives including our
Montour gas conversion project, made significant progress on Phase
1 of our flagship Cumulus data center campus, which is expected to
be commercially available early next year, and furthered the
development of our 2.7-Gigawatt renewable energy project portfolio.
Together we have positioned the Talen platform and our people for
value creation in the years ahead."

                       Additional Information

In May 2022, TES and certain of its affiliates filed for chapter 11
protection in the Bankruptcy Court. As contemplated by the RSA, TEC
filed for chapter 11 protection in December 2022 to join and
effectuate the Plan. The cases are pending before the Honorable
Marvin Isgur and are jointly administered under Case No. 22-90054.
Talen subsidiaries that are not included in the bankruptcy filing
include its Cumulus subsidiaries, LMBE-MC Holdco II LLC and its
subsidiaries, and Talen Receivables Funding.

Court documents and other information are available on a website
hosted by the Company's claims agent, Kroll, at
https://cases.ra.kroll.com/talenenergy. The Company has also
established a call center for questions at 844-721-3899 if calling
from within the United States or Canada or 347-292-4080 if calling
from outside these areas. Creditor inquiries can also be directed
to talenenergyinfo@ra.kroll.com.

The Company has retained Weil Gotshal & Manges LLP as its
restructuring legal advisor, Evercore as its investment banker, and
Alvarez & Marsal as its restructuring financial advisor. The ad hoc
group of unsecured noteholders has retained Kirkland & Ellis LLP as
legal advisor and Rothschild & Co. as its investment banker and
financial advisor.

                      About Talen Energy Corp.

Allentown, Pennsylvania-based Talen Energy Corp. is an independent
power producer founded in 2015.  Riverstone Holdings LLC completed
its acquisition of the remaining 65% stake of Talen Energy in 2016
for $5.2 billion.

Talen Energy Corporation, through subsidiary Talen Energy Supply
LLC, is one of the largest competitive power generation and
infrastructure companies in North America. Through subsidiary
Cumulus Growth, TEC is developing a large-scale portfolio of
renewable energy, battery storage, and digital infrastructure
assets across its expansive footprint. On the Web:
https://www.talenenergy.com/

TES owns and/or controls approximately 13,000 Megawatts of
generating capacity in wholesale U.S. power markets, principally in
the Mid-Atlantic, Texas and Montana. Woodlands, Texas-based TES
runs 18 power generation facilities, at eight of which rely on
natural gas to make electricity.

Talen Energy Supply, LLC, and 71 affiliates sought Chapter 11
protection (Bankr. S.D. Tex. Lead Case No. 22-90054) on May 9,
2022. The Hon. Marvin Isgur is the case judge.

Talen Energy Corporation (TEC), its Cumulus Growth subsidiary, and
TES' LMBE subsidiaries are excluded from the in-court process.

TES has retained Weil Gotshal & Manges LLP as its legal advisor,
Evercore as its investment banker and Alvarez & Marsal as its
financial advisor for its restructuring. Kroll is the claims
agent.

TEC is represented by PJT Partners as financial advisors and Vinson
& Elkins as legal counsel.

Cumulus Growth is represented by Ardea Partners and DH Capital as
its investment bankers, and Gibson Dunn as legal counsel.  

The Consenting Noteholders are represented by Kirkland & Ellis LLP
and Rothschild & Co US Inc.


TEXAS MADE: Taps David Wescott of All Star Arenas as Consultant
---------------------------------------------------------------
Texas Made Sports Development, Inc. seeks approval from the U.S.
Bankruptcy Court for the Western District of Texas to employ David
Wescott, a partner at All Star Arenas, LLC, as consultant and
expert witness.

The Debtor requires consultation services and expert testimony in
connection with the case (Adversary Proceeding No. 22-01017)
involving iSports Cedar Park, Ltd.

The hourly rates charged by Mr. Wescott and his firm for their
services range from $150 to $200.

Mr. Wescott disclosed in a court filing that he and his firm are
"disinterested" as the term is defined in Section 101(14) of the
Bankruptcy Code.

Mr. Wescott can be reached at:

     David Wescott
     All Star Arenas, LLC
     13903 Collier Rock Place
     Riverview, FL 33579
     Tel: (877) 846-4949
     Email: davew@allstararenas.com

                About Texas Made Sports Development

Texas Made Sports Development, Inc. owns and operates an ice
facility in Austin, Texas, for figure skaters, hockey fans, and
kids' camps. It conducts business under the name Chaparral Ice.

Texas Made Sports Development filed a petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. W.D. Texas Case No.
22-10172) on March 18, 2022, with up to $50 million in assets and
up to $10 million in liabilities. Ryan Raya, president of Texas
Made Sports Development, signed the petition.

Judge H. Christopher Mott oversees the case.

The Debtor tapped Hayward, PLLC as legal counsel and Pittenger CPA,
PC as bookkeeper and accountant.


TRADITION BREWING: Gets OK to Hire Tavenner & Beran as Counsel
--------------------------------------------------------------
Tradition Brewing Company, LLC received approval from the U.S.
Bankruptcy Court for the Eastern District of Virginia to employ
Tavenner & Beran, PLC as its legal counsel.

The firm's services include:

   (a) advising the Debtor of its rights, powers, and duties in the
continued operation and management of its affairs under Chapter 11
of the Bankruptcy Code;

   (b) preparing legal documents and reviewing all financial
reports to be filed in the Debtor's Chapter 11 case;

   (c) advising the Debtor concerning, and preparing responses to,
applications, motions and other papers that may be filed and served
in the case;

   (d) advising the Debtor with respect to, and assisting in the
negotiation and documentation of, financing agreements, debt and
cash collateral orders, and related transactions;

   (e) reviewing the nature and validity of any liens asserted
against the Debtor's property and advising the Debtor concerning
the enforceability of such liens;

   (f) advising the Debtor regarding its ability to initiate
actions to collect and recover property for the estate;

   (g) counseling the Debtor in connection with the formulation,
negotiation and promulgation of a plan of reorganization and
related documents;

   (h) assisting the Debtor in connection with any potential
property dispositions;

   (i) advising the Debtor concerning executory contract and
unexpired lease assumption, assignment or rejection, and lease
restructuring and recharacterization;

   (j) assisting the Debtor in reviewing, estimating and resolving
claims asserted against its estate;

   (k) commencing and conducting any and all litigation necessary
or appropriate to assert rights held by the Debtor, protect assets
of the estate or otherwise further the goal of completing the
Debtor's successful reorganization;

   (l) providing general litigation and other non-bankruptcy
services as requested by the Debtor; and

   (m) other necessary or appropriate legal services.

Tavenner & Beran will be paid at these rates:

     Lynn L. Tavenner, Partner     $495 per hour
     Paula S.  Beran, Partner      $480 per hour

The firm received a retainer of $15,000 from the Debtor.

Paula Beran, Esq., a partner at Tavenner & Beran, disclosed in
court filings that the firm is "disinterested" within the meaning
of Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Lynn L. Tavenner, Esq.
     Paula S. Beran, Esq.
     Tavenner & Beran, PLC
     20 North 8th Street
     Richmond, VA 23219
     Telephone: (804) 783-8300
     Facsimile: (804) 783-0178
     Email: ltavenner@tb-lawfirm.com
            pberan@tb-lawfirm.com

                  About Tradition Brewing Company

Tradition Brewing Company, LLC is a company in Newport News, Va.,
which operates a beverage manufacturing business.

Tradition Brewing Company filed its voluntary petition for Chapter
11 protection (Bankr. E.D. Va. Case No. 22-50715) on Oct. 31, 2022,
with $500,000 to $1 million in assets and $1 million to $10 million
in liabilities. Pax Goodson, Board Chairman, signed the petition.

Judge Stephen C. St. John oversees the case.

Tavenner & Beran, PLC serves as the Debtor's legal counsel.


TREES CORP: Closes Acquisition of Green Tree Entities
-----------------------------------------------------
TREES Corporation said it has completed the acquisition of
substantially all of the assets of Ancient Alternatives LLC,
Natural Alternatives For Life, LLC, Mountainside Industries, LLC,
Hillside Enterprises, LLC, and GT Creations, LLC, each a Colorado
limited liability company (collectively, the "Green Tree
Entities").  

At the closing, the Company delivered to the Green Tree Entities an
aggregate of cash equal to $500,000 and delivered to equity holders
of the Green Tree Entities an aggregate of 17,977,528 shares of the
Company's common stock, par value $0.01 per share.  An additional
$3,500,000 in cash will be paid by the Company to the Green Tree
Entities in 15 equal monthly payments commencing on the 9-month
anniversary of the closing.  The number of Buyer Shares is subject
to adjustment based upon a formula specified in the definitive
purchase agreement.  The Company assumed certain liabilities at
closing, including certain manufacturing agreements between GT
Creations and affiliates of the Green Tree Entities.

                        Feiler Elected as Director

As part of the Green Tree Acquisition, Allyson Feiler, a principal
owner of the Green Tree Entities, was appointed to the Company's
Board.  Ms. Feiler was appointed by the Board to fill an existing
vacancy created when John Barker Dalton resigned from the Board.
As previously disclosed, the Company agreed to appoint a designee
of the Green Tree Entities to the Board following the closing of
the Green Tree Acquisition.  Ms. Feiler is such designee.

Ms. Feiler received in connection with the Green Tree Acquisition,
in her capacity as a former equity holder of certain of the Green
Tree Entities, $191,537.50 in cash at closing, the right to receive
$1,340,762.50 in cash in the future and 7,111,396 Buyer Shares.

On Dec. 12, 2022, Ms. Feiler was also appointed to the Nominating
Committee of the Board.

Also on Dec. 12, 2022, the Company and Ms. Feiler entered into a
two-year employment agreement, pursuant to which Ms. Feiler will be
employed by the Company as its chief marketing officer at an annual
base salary of $225,000, with an agreed one-time bonus equal to
$383,071.43, payable within 30 business days following the closing
of the acquisition of Ancient, Natural, Mountainside and GT
Creations.  The Employment Agreement also provides for severance
payouts up to the full initial two-year term in the event of a
termination without 'Cause' or for 'Good Reason' during the initial
term.

                         About Trees Corp

Headquartered in Denver, Colorado, Trees Corporation (formerly
known as General Cannabis Corp) -- provides services and products
to the regulated cannabis industry.  The Company is a trusted
partner to the cultivation, production and retail sides of the
cannabis business.

General Cannabis reported a net loss of $8.87 million for the year
ended Dec. 31, 2021, compared to a net loss of $7.68 million for
the year ended Dec. 31, 2020.  As of Sept. 30, 2022, the Company
had $27.79 million in total assets, $19.45 million in total
liabilities, and $8.34 million in total stockholders' equity.

Salt Lake City, Utah-based Haynie & Company, the Company's auditor
since 2021, issued a "going concern" qualification in its report
dated March 25, 2022, citing that the Company has suffered
recurring losses from operations and has negative working capital
that raise substantial doubt about its ability to continue as a
going concern.


VASCULAR ACCESS: McGuckin and VAC LLC Reconsideration Bid Denied
----------------------------------------------------------------
Bankruptcy Judge Ashely M. Chan of the Eastern District of
Pennsylvania denies the Reconsideration Motion filed by James
McGuckin and Vascular Access Centers, LLC.

In early February 2020, the Court ordered the appointment of a
Chapter 11 trustee after finding that Dr. James McGuckin -- the
former sole member and manager of the former general partner of the
Debtor, Vascular Access Centers, L.P. ("VAC") -- had orchestrated
an involuntary petition under Chapter 11 of the Bankruptcy Code
against VAC in bad faith.

McGuckin and VAC's former general partner, Vascular Access Centers,
LLC, quickly appealed the Trustee Order. Now, following the
dismissal of the appeal with a remand for this Court to determine
in the first instance whether certain new evidence warrants
reconsideration of the Trustee Order, McGuckin and VAC LLC filed a
joint motion -- the Reconsideration Motion. The Reconsideration
Motion seeks to have the Court "vacate its Feb. 7, 2020 Order
appointing a trustee and accompanying Memorandum decision in light
of recent Deposition Testimony of John E. Royer and Related
Evidence ..."

According to the Reconsideration Motion, "new evidence refuting the
conclusions underlying this Court's Feb. 7, 2020 Order appointing a
trustee only recently came into existence, and upon taking account
of such evidence. . . this Court should vacate its Order and
accompanying Memorandum decision. . . the Royer 2021 Deposition and
certain exhibits to that deposition undermine the "assumption" from
the Trustee Opinion that McGuckin breached duties owed to VAC by
operating competitive centers, the Court's conclusion that the
Derivative Litigation is the most valuable asset of the Estate, and
Gardner's credibility. . . the dispositive issue in the Derivative
Litigation is whether the Amended LPA permits McGuckin to operate
competitive vascular access centers."

The Court concludes that the Royer 2021 Deposition testimony and
related exhibits do not give the Court a basis to vacate the
Trustee Order because whether or not VAC's Amended LPA permitted
McGuckin to compete with VAC was immaterial to the Court's decision
to appoint a trustee and because the Court's decision to issue the
Trustee Order was based upon the totality of many factors which are
completely unaffected by the Royer 2021 Deposition testimony and
related exhibits. Even had Royer's views been made known to the
Court in the first instance, the outcome of the proceedings related
to the appointment of a Chapter 11 trustee would not have changed.

Aside from the Trustee Opinion summarizing as background some of
the Derivative Litigation's allegations respecting McGuckin opening
competing centers, the Court points out that the Trustee Opinion
only references McGuckin's alleged opening of competitive centers
one time when it states at the very end "ultimately, McGuckin as
sole member and manager of the General Partner, has repeatedly put
his own interests above VAC, may have competed actively with VAC
for years, engaged in numerous secret, self-dealing transactions,
and sacrificed VAC's resources and reputation when it served him to
do so."

Likewise, the Court's statement in the Trustee Opinion that
McGuckin "may have" competed with VAC does not reflect that the
Court arrived at any conclusion respecting whether McGuckin
actually did compete, or whether the Amended LPA permitted any
alleged competition. Rather, that statement simply refers to the
fact that allegations were made in the Derivative Litigation
respecting McGuckin allegedly competing with VAC. Such allegations
by their very nature would impact creditor confidence, one of the
factors relevant to whether cause exists to appoint a Chapter 11
trustee, irrespective of whether any alleged competition was
technically permitted by the Amended LPA.

Furthermore, the Court maintains that regardless of whether the
"Amended LPA potentially permitting McGuckin to open and operate
competing centers" or "Royer recalling that McGuckin informed him
that he wanted to preserve his ability to compete with VAC in the
Amended LPA," the Court would have made the same determination that
the appointment of a Chapter 11 trustee was appropriate based on
the totality of the circumstances as set forth in detail in the
Trustee Opinion.

The Trustee Order and Opinion was based on many factors the Court
relied upon to support its conclusion about McGuckin's fitness to
operate VAC during the bankruptcy case, including, inter alia, (a)
McGuckin's conflicts of interest as a defendant in the Derivative
Litigation and as the owner of Philadelphia Vascular Institute (an
entity with no claim, secured or unsecured against VAC) which
attempted to secure a priority lien position relative to bona fide
creditors and equity holders; (b) VAC funds being comingled with
those of other entities; (c) that McGuckin had committed VAC's
resources to highly burdensome settlements which released McGuckin
personally from liability; (d) McGuckin paying himself excessive
compensation in his roles at VAC without the limited partners'
knowledge; (e) the unreliability of VAC's financial statements and
forecasts; and (f) McGuckin's actions like signing a consent decree
he did not believe was accurate and performing experimental
procedures unapproved by the FDA which damaged his credibility and
VAC's reputation.

The foregoing justifications for the Court's conclusion that
McGuckin was unfit to operate VAC during its bankruptcy fully
justify the appointment of a Chapter 11 trustee for the reasons
stated in the Trustee Opinion and are completely unrelated to
whether Royer believed McGuckin was permitted to compete with VAC
under the Amended LPA or recalled McGuckin requesting to maintain
his ability to compete in the Amended LPA.7

The Reconsideration Motion also appears to suggest that the Trustee
Order should be vacated because the Royer 2021 Deposition
purportedly establishes that Gardner's claims on behalf of the
Debtor in the Derivative Litigation are weak and thus the
Derivative Litigation cannot be a significant estate asset.

However, the Court simply did not opine with respect to the merits
of the Derivative Litigation in the Trustee Opinion and, in fact,
it did not consider the merits of the Derivative Litigation in any
respect in rendering its decision to appoint a Chapter 11 trustee.
The Trustee Opinion never purports to weigh the merits of the
claims in the Derivative Litigation -- it merely stated that the
Derivative Litigation appears to be a "potentially" significant
estate asset, given the substantial damages sought against McGuckin
and VAC LLC on the Debtor's behalf.

Finally, the Reconsideration Motion attempts to have the Trustee
Order vacated based upon testimony from the Royer 2021 Deposition
reflecting that Gardner's counsel in the Derivative Litigation, who
is also his counsel in the bankruptcy case, advised Royer that if
he disclosed that he would return from vacation on August 14 in the
Royer 2018 Affidavit, he may have to testify the following day in
the Derivative Litigation at the hearing on the Injunction Request,
contending this testimony undermines Gardner's credibility.

Knowing this in advance would not have affected the Court's
determination with respect to the appropriateness of appointing a
Chapter 11 trustee. The Court maintains that the Trustee Order was
based upon McGuckin's own conduct and testimony, which Gardner's
counsel's actions in separate litigation could not impact or
change. Furthermore, Gardner's credibility is not referenced
anywhere in the Trustee Opinion as a justification for the Trustee
Order.

A full-text copy of the Opinion dated December 1, 2022, is
available at https://tinyurl.com/ymxbyzzz from Leagle.com.

                    About Vascular Access Centers

Vascular Access Centers -- https://www.vascularaccesscenters.com/
-- provides comprehensive dialysis access maintenance including
thrombectomy and thrombolysis, fistulagrams, fistula maturation
procedures, vessel mapping, central venous occlusion treatment and
complete catheter services. Its centers offer an alternative
setting for a wide spectrum of vascular interventional procedures,
including central venous access for oncology, nutritional and
medication delivery, venous insufficiency (including venous ulcer
and non-healing ulcer treatments), peripheral arterial disease
(PAD), limb salvage, uterine fibroid embolization and pain
management.

On Nov. 12, 2019, an involuntary Chapter 11 petition was filed
against Vascular Access Centers (Bankr. E.D. Pa. Case Number
19-17117).  The petition was filed by creditors Philadelphia
Vascular Institute, LLC, Metter & Company and Crestwood Associates,
LLC. David Smith, Esq., at Smith Kane Holman, LLC, is the
petitioners' counsel.  On Nov. 13, 2019, the Debtor consented to
the relief sought under Chapter 11.

Judge Ashely M. Chan is the presiding judge.

The Debtor tapped Dilworth Paxson LLP as its legal counsel.



VITAL PHARMACEUTICALS: Committee Gets OK to Hire Investment Banker
------------------------------------------------------------------
The official committee of unsecured creditors of Vital
Pharmaceuticals, Inc. and its affiliates received approval from the
U.S. Bankruptcy Court for the Southern District of Florida to
employ Miller Buckfire & Co., LLC and its affiliate, Stifel,
Nicolaus & Co. Inc., as investment banker.

The committee requires an investment banker to:

   a. advise and assist in structuring and effecting the financial
aspects of certain transactions;

   b. receive, review and perform diligence on information provided
on a confidential basis by the Debtors or the committee;

   c. assist the committee in negotiations regarding any sale, plan
of reorganization or liquidation of any of the Debtors in the
Chapter 11 cases or other transaction;

   d. represent and negotiate on behalf of the committee as it
relates to any restructuring proposals advanced by the committee,
Debtors or any other parties or stakeholders; and

   e. participate in hearings before the bankruptcy court in
connection with Miller Buckfire's other services, including related
testimony, in coordination with the committee's counsel.

The firms will be paid as follows:

   a. Monthly Fee: $125,000.

   b. Deferred Fee: $2.5 million, payable upon consummation of a
transaction.

   c. Credit: Half of the fourth and subsequent monthly fees paid
will be credited to reduce the deferred fee.

As disclosed in court filings, Miller Buckfire is a "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code.

Miller Buckfire can be reached through:

     John D' Amico
     Miller Buckfire & Co., LLC
     787 Seventh Avenue
     New York, NY 10019
     Phone: (212) 895-1800/(212) 895-1830
     Email: john.damico@millerbuckfire.com

                    About Vital Pharmaceuticals

Since 1993, Florida-based Vital Pharmaceuticals, Inc., doing
business as Bang Energy and as VPX Sports, has developed
performance beverages, supplements, and workout products to fuel
high-energy lifestyles. VPX Sports is the maker of Bang energy
drinks, among other consumer products.

Vital Pharmaceuticals, Inc., along with certain of its domestic
subsidiaries and affiliates, filed voluntary petitions for
protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.
Fla. Lead Case No. 22-17842) on Oct. 10, 2022.

VPX estimated $500 million to $1 billion in assets and liabilities
as of the bankruptcy filing.

The Hon. Scott M. Grossman is the case judge.

The Debtors tapped Latham & Watkins, LLP as general bankruptcy
counsel; Berger Singerman, LLP as local counsel; Huron Consulting
Group, Inc. as CTO services provider; and Rothschild & Co US, Inc.
as investment banker. Stretto, Inc. is the notice, claims and
solicitation agent.

The U.S. Trustee for Region 21 appointed an official committee of
unsecured creditors on Nov. 1, 2022. The committee is represented
by Lowenstein Sandler, LLP and Sequor Law, P.A.


VMR CONTRACTORS: Court OKs Cash Collateral Access Thru Dec 19
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois,
Eastern Division, authorized VMR Contractors Inc. to use cash
collateral on an interim basis in accordance with the budget,
through December 19, 2022.

The Court held that, to the extent the Debtor's use of cash
collateral under the order diminishes the value of the claimants'
interests in cash collateral as of the petition date, the claimants
are granted a post-petition security interest on the same type or
form of collateral that secured the claimants' prepetition claims
as of the petition date. The post-petition liens will have the same
priority, validity, and enforceability that existed as of the
petition date, without the need to create, file, record, or serve
any financing statements or other documents or take any other
action that state or federal law may require to validate or perfect
the liens.

As previously reported by the Troubled Company Reporter, several
entities may claim an interest in the Debtor's cash collateral.
Those potential claimants are:

     1. State of Illinois, which recorded state tax liens on April
28 and June 14, 2022, in the total amount of $32,346.

     2. Internal Revenue Service, which recorded federal tax liens
with the Illinois Secretary of State, including a lien November 16,
2016, in the amount of $424,956. Other tax liens also have been
recorded; the IRS has asserted it is owed $819,234. The Debtor
disputes a large portion of this amount, including an obligation
from 2015 of $560,027, which appears to be clearly erroneous
because it is wholly disproportionate to the Debtor's operations.

     3. Old National Bank, whose predecessor, Bridgeview Bank
Group, filed on August 1, 2018, a financing statement with the
Illinois Secretary of State as document number 023614561. The
amount owed to Old National is approximately $160,633.

A further hearing on the matter is set for December 19 at 10 a.m.

A copy of the order is available at https://bit.ly/3UXUZYm from
PacerMonitor.com.

                      About VMR Contractors

VMR Contractors is in the business of supplying and installing
rebar for road construction projects. The Debtor sought protection
under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case
No. 22-14211) on December 8, 2022. In the petition signed by
Vincent Roberson, president, the Debtor disclosed up to $1 million
in assets and up to $10 million in liabilities.

Judge Benjamin Goldgar oversees the case.

William J. Factor, Esq., at Factor Law, is the Debtor's legal
counsel.



WEBER-STEPHEN: XAI OFRAITT Marks $136,900 Loan at 20% Off
---------------------------------------------------------
XAI Octagon Floating Rate & Alternative Income Term Trust has
marked its $136,596 TLB 1L loan extended to Weber-Stephen Products
LLC to market at $109,357 or 80% of the outstanding amount, as of
September 30, 2022, according to a disclosure contained in XAI
OFRAITT’s Form N-CSR for the fiscal year ended September 30,
filed with the Securities and Exchange Commission on December 1.

XAI OFRAITT extended a Senior Secured First Lien Loan to
Weber-Stephen Products LLC. The loan currently has an interest rate
of 7.38% (1M SOFR + 4.25%) and is scheduled to mature on October
30, 2027.

XAI OFRAITT is a diversified, closed-end management investment
company. The Trust seeks attractive total return with an emphasis
on income generation across multiple stages of the credit cycle.

Headquartered in Palatine, Illinois, Weber-Stephen Products LLC is
a global manufacturer, marketer and distributor of barbecue grills
and accessories.



WEBER-STEPHEN: XAI OFRAITT Marks $495,300 Loan at 19% Off
---------------------------------------------------------
XAI Octagon Floating Rate & Alternative Income Term Trust has
marked its $495,393 Initial B loan extended to Weber-Stephen
Products LLC to market at $400,183, or 81% of the outstanding
amount, as of September 30, 2022, according to a disclosure
contained in XAI OFRAITT's Form N-CSR for the fiscal year ended
September 30, filed with the Securities and Exchange Commission on
December 1.

XAI OFRAITT extended a Senior Secured First Lien Loan to
Weber-Stephen Products LLC. The loan currently has an interest rate
of 6.37% (1M US L + 3.25%) and is scheduled to mature on October
30, 2027.

XAI OFRAITT is a diversified, closed-end management investment
company. The Trust seeks attractive total return with an emphasis
on income generation across multiple stages of the credit cycle.

Headquartered in Palatine, Illinois, Weber-Stephen Products LLC is
a global manufacturer, marketer and distributor of barbecue grills
and accessories.



WEIRD VENDING: Amends Unsecureds & Several Secured Claims Pay
-------------------------------------------------------------
Weird Vending, LLC submitted a Final Subchapter V Plan of
Reorganization dated December 8, 2022.

Weird Vending conducts business operations from a leased
warehouse/office located at: 2405 Princeton Avenue, Unit 11,
Orlando, Florida 32804, which it has occupied since May 25, 2021
(the "Warehouse"). Debtor stores its machines and product inventory
at the Warehouse, where it also develops and assembles new products
for its vending machines.

Class 2 consists of the Allowed Secured Claim of Alliance Funding
in the amount of $92,091.00. Alliance's Class 2 Claim is secured by
a first priority purchase money security interest on specific
vending machines identified in the agreement between Debtor and
Alliance dated May 20, 2022 (the "Alliance Collateral"). In full
satisfaction of its Allowed Class 2 Claim, Alliance shall retain
its lien on the Alliance Collateral, and shall receive payment of
its Allowed Class 2 Secured Claim based on a 60 month amortization
at 5.75% interest, resulting in equal monthly payments of
$1,769.69. Payments in accordance with the treatment specified in
Class 2 shall commence on the Effective Date.
    
Pursuant to 11 U.S.C. § 506(a), the balance of Alliance's Claim in
the amount of $64,459.211 shall receive treatment as an allowed
general unsecured claim pursuant to the terms of Class 8. All
provisions of the security agreement and related loan documents by
and between the Debtor and Alliance not otherwise modified by the
Plan shall remain valid, binding and enforceable. Upon payment of
the Class 2 Allowed Secured Claim in full, the Allowed Class 2
Secured Claim of Alliance shall be fully satisfied, and any
associated liens and UCC-1 filings shall be released, withdrawn or
terminated. Class 2 is Impaired.

Class 4 consists of the Allowed Secured Claim of Inland Finance
Company. Inland's Class 4 Claim is secured by a first priority
purchase money security interest on specific vending machines to
Claim #9-1 (the "Inland Collateral"), which is currently within the
possession, custody and control of Debtor. In full satisfaction of
its Allowed Class 4 Claim, Inland shall retain its lien on the
Inland Collateral, and shall receive payment of its Allowed Class 4
Claim, minus any payments received after the Petition Date (if
any), in equal monthly installments of $3,081.43 until the Allowed
Class 4 Claim is satisfied in full (approximately 30 months).

Upon payment of the Class 4 Claim in full, the Allowed Class 4
Secured Claim of Inland shall be fully satisfied and any associated
liens, guarantees, and UCC-1 filings shall be released, withdrawn
or terminated. So long as the Debtor remains in compliance with the
terms specified in Class 4, Debtor shall be permitted to retain
possession, custody and control of the Inland Collateral without
interruption. Class 4 is Unimpaired.

Class 8 consists of all Allowed General Unsecured Claims against
the Debtor. In full satisfaction of their Allowed Class 8 General
Unsecured Claims, Holders of Class 8 Claims shall receive quarterly
pro rata distributions of the Debtor's Disposable Income over a
term of 3 years from the Effective Date after Administrative Claims
and Priority Claims are satisfied in full, which Distributions (in
the aggregate) shall be equivalent to the amount of all Allowed
Class 8 General Unsecured Claims. The first Distribution of
Disposable Income (if any) under the Plan is estimated to occur on
or around March 31, 2023, but no later than the last day of the
third month following the Effective Date.

In addition to the receipt of Debtor's Disposable Income, Class 8
Claimholders shall receive a pro rata share of the net proceeds
recovered from all Causes of Action after payment of professional
fees and costs associated with such collection efforts, and after
Administrative Claims and Priority Claims are paid in full. The
maximum Distribution to Class 8 Claimholders shall be equal to the
total amount of all Allowed Class 8 General Unsecured Claims. Class
8 is Impaired.

Class 9 consists of all equity interests in Weird Vending, LLC.
Class 9 Interest Holders shall retain their respective Interests in
Weird Vending, LLC in the same proportions such Interest were held
as of the Petition Date (i.e., 50.00% Interest to Michael Williams
and 50.00% to Patrick Oliver Farley). Class 9 is Unimpaired.

The Plan contemplates the Debtor will continue to manage and
operate its business in the ordinary course, but with restructured
debt obligations. It is anticipated that the Debtor's continued
operations will mainly involve the development of vending machine
products and deployment of vending machines in entertainment
focused establishments, any Disposable Income from such operations
will be committed to make the Plan Payments.

Funds generated from the Debtor's operations through the Effective
Date will be used for Plan Payments; however, the Debtor's cash on
hand as of Confirmation will be available for payment of
Administrative Expenses.

A full-text copy of the Final Subchapter V Plan dated December 8,
2022, is available at https://bit.ly/3uTqZlO from PacerMonitor.com
at no charge.

Counsel for Debtor:

     Daniel A. Velasquez, Esq.
     Latham, Luna, Eden & Beaudine, LLP
     201 S. Orange Ave., Suite 1400
     Orlando, Florida 32801

                    About Weird Vending, LLC

Weird Vending, LLC is a closely held Florida limited liability
company organized on May 29, 2020. It operates a vending machine
company that specializes in the placement of vending machines
carrying unique, nostalgic, and uncommon products designed to
provide entertainment value to patrons of bars, restaurants and
other social establishments. Weird Vending has deployed 81 vending
machines in four primary locations which include Orlando; Tampa/St.
Petersburg/Sarasota; Dallas, Texas; and Denver, Colorado.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. M.D. Fla. Case No. 22-02772) on August 2,
2022. In the petition signed by Michael Williams, president the
Debtor disclosed up to $500,000 in assets and up to $1 million in
liabilities.

Judge Grace E. Robson oversees the case.

Daniel A. Velasquez, Esq., at Latham Luna Eden and Beudine LLP is
the Debtor's counsel.


XP TRANSPORT: Files Emergency Bid to Use Cash Collateral
--------------------------------------------------------
XP Transport, LLC asks the U.S. Bankruptcy Court for the Western
District of Pennsylvania for authority to use cash collateral and
make adequate protection payments.

The Debtor has an immediate and continuing need to use its cash to
fund its business operations.

The Debtor's financial distress arose from a complex of events,
including an unforeseen, precipitous increase in the costs of fuel,
fleet maintenance, and other business expenses in the past year,
which interfered with the Debtor's ability to meet its financial
obligations as they became due.

The Debtor has earned a reputation as a reliable supplier of
logistical services to a variety of industries, including
agriculture, medical, construction, engineering, oilfields, food
and beverage distribution, heavy machinery transportation,
manufacturing plants, and mills.

Moreover, the Debtor is highly optimistic that its efforts to
reorganize through Chapter 11 will restore it to financial
profitability for the benefit of its creditors, employees, general
contractors, and equity interests.

On June 28, 2022, the Debtor entered into an agreement for a loan
from Celtic Bank to be serviced by ODK Capital, LLC d/b/a OnDeck,
whereby Celtic Bank agreed to loan the Debtor in the original
principal amount of $25,000.

Prior to the Petition Date, OnDeck processed weekly payments from
the Debtor's operating account according to the Loan Agreement, in
the approximate amount of $594, for average monthly payments
totaling $2,573.

The Debtor has not been able to determine whether the Lender or
OnDeck had filed a UCC Financing Statement to perfect its security
interest prior to the Petition Date.

As of the Petition Date, the outstanding principal balance
outstanding on the Loan Agreement was approximately $20,187.

The Debtor also seeks approval of its proposed monthly adequate
protection payments to the Lender as follows:

     a. The Debtor will pay $429 each month directly to OnDeck from
its debtor-in-possession account;

     b. The Debtor calculated its proposed adequate protection
payment, beginning with the estimated principal outstanding balance
due (i.e., $20,187.50) and recalculating the payments that would be
necessary to repay that amount at an annual interest rate of 10%,
amortized over a five-year repayment period;

     c. The Debtor recognizes that the contractual rate of interest
may exceed 10% per annum, and that the remaining repayment term is
approximately seven months. However, the Debtor's use of a
hypothetical annual interest rate and repayment period is designed
to provide adequate protection to the Lender that is reasonably
related to the magnitude of the claim without depriving the Debtor
of breathing room by unreasonably constraining its cash flow as it
attempts to reorganize;

     d. The Debtor's proposed adequate protection payment should
not be construed as an attempt to modify any contractual rights of
the Lender or OnDeck, nor should it be construed as a proposal by
the Debtor for the treatment of the underlying claim. Rather, the
Debtor expects that the treatment of the underlying claim (and the
allocation of the adequate protection payments) will be determined
through the plan confirmation process.

A copy of the motion is available at https://bit.ly/3BDmoIj from
PacerMonitor.com.

             About XP Transport, LLC

XP Transport, LLC is part of the general freight trucking
industry.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. W.D. Pa. Case No. 22-70417) on December 14,
2022. In the petition signed by Chad A. Park, managing member, the
Debtor disclosed $655,900 in assets and $1,389,620 in liabilities.

Renee Kuruce, Esq., at Robleto Kuruce PLLC, is the Debtor's legal
counsel.



[*] Ervin Cohen's Albert Valencia Named Top Real Estate Lawyer
--------------------------------------------------------------
Ervin Cohen & Jessup LLP on Dec. 13 disclosed that Partner Albert
Valencia has been recognized by Connect Media Commercial Real
Estate in their "2022 Lawyers in Real Estate Awards" in the
California region. According to the publication, the award
spotlights ten attorneys nationally who excel "in their practice as
well as their contributions to the community."

"Al regularly produces incredible results for his clients and has
been a leading example of professionalism and integrity to
professionals within our firm and across the legal profession,"
says Co-Managing Partner Randall Leff.

Mr. Valencia is a firm Partner, serves on its five-member Executive
Committee and co-chairs the firm's Real Estate practice. He focuses
on real estate and related business matters. His clients include
developers, operators, private equity investors and commercial
banks in a broad range of real estate transactions, including
acquisitions and dispositions, joint ventures and syndications,
commercial leasing, financing, loan modifications, workouts and
restructurings. His legal experience covers commercial, office,
retail, multi-family, mixed-use and industrial properties.

Prior to practicing law, Mr. Valencia was a business consultant for
the global consulting firms of Arthur Andersen LLP and Deloitte
Consulting LLP, where he provided business process reengineering
and systems consulting services for Fortune 500 companies in the
manufacturing, utilities and entertainment industries. He later
played an integral part of forming and operating two startup
companies.

The feature states, "Valencia is active in the community, has
received Public Counsel's Pro Bono of the Year award and previously
served on the Board of Directors for the Asian Pacific American Bar
Association."

Recently, he was named a Commercial Real Estate Visionary by the
Los Angeles Times, a Minority Leader of Influence by the Los
Angeles Business Journal and has been listed in Southern California
Super Lawyers.

Ervin Cohen & Jessup LLP -- http://www.ecjlaw.com/-- is a
full-service firm that provides a broad range of business-related
legal services including corporate law; litigation; intellectual
property & technology law; real estate transactions and finance;
construction & environmental law; tax planning and controversies;
employment law; health care law; bankruptcy, receivership and
reorganization; and estate planning.


[*] O'Melveny Adds 11 to 2023 Partner Class
-------------------------------------------
Eleven exceptional lawyers reflecting O'Melveny's broad-ranging
capabilities have been elected to the firm's 2023 partner class:

Billy Abbott (Tax-Silicon Valley), Matt Cowan (White Collar Defense
& Corporate Investigations-Los Angeles), Tim Heafner (Entertainment
& Media-Century City), Mattie Hutton (Product Liability & Mass
Torts/Life Sciences Litigation-Washington, DC), Matthew Kremer
(Restructuring-New York), Mark Liang (Intellectual Property &
Technology-San Francisco), Deanna Rice (Financial Services/Supreme
Court & Appellate Litigation-Washington, DC), Esteban Rodriguez
(Consumer Class Actions-Los Angeles), Amanda Santella (White Collar
Defense & Corporate Investigations-Washington, DC), Maria von
Schack (Project Development & Real Estate-New York), and Jillian
Weinstein (Assistant General Counsel-Firmwide).

"Each of our newly elected partners epitomizes the very best of
O'Melveny by demonstrating an unwavering commitment to our firm and
our clients," said Bradley J. Butwin, Chair of O'Melveny. "They
have distinguished themselves not only as top litigators and
dealmakers but also as champions of our shared values. These
outstanding lawyers strengthen and enrich our partnership with
their diverse backgrounds, experiences, and perspectives. I look
forward to all that this impressive class will achieve in the years
to come."

This is the eighth consecutive year that at least 50 percent of
O'Melveny's newly promoted partners are women, racial and ethnic
minorities, and/or LGBTQ+, with eight of 11 members of this year's
class being from those historically underrepresented groups.
Looking at the past nine years as a whole, more than two-thirds of
the firm's total new partner promotions have been individuals from
those groups.

Billy Abbott
A talented and versatile corporate tax lawyer, Billy Abbott is a
trusted advisor to fund managers, private equity and venture
capital investors, and corporate clients on the tax aspects of
public and private M&A, capital markets, asset management, and real
estate transactions. He regularly advises on tax structuring for
complex transactions, including cross-border matters and
multi-jurisdictional acquisitions. Mr. Abbott is especially adept
at explaining tax-advisory information to clients of O'Melveny's
Asset Management practice. He has a strong commitment to pro bono
work and to diversity, helping the firm recruit LGBTQ+ attorneys
and representing the firm at diversity career fairs. Abbott
received his law degree from Stanford, where he served as Senior
Production Editor of the Stanford Law Review.

Matt Cowan
Matt Cowan is a key West Coast member of O'Melveny's White Collar
Defense & Corporate Investigations Practice. He counsels clients
through sensitive internal investigations, inquiries by federal and
state enforcement authorities, and related criminal and civil
litigation in the energy, technology, transportation, higher
education, and financial services industries. Mr. Cowan also
provides regulatory and governance advice to companies and
universities, and he has considerable experience in complex
e-discovery, compliance, employment, healthcare, and privacy
matters. His judgment and expertise have made him a trusted
board-level advisor. And he devotes significant time to pro bono
efforts, recently leading the O'Melveny team in Davis v. Nevada, a
case that resulted in sweeping legislative change to Nevada's
system of indigent defense representation. Cowan earned his law
degree cum laude from the University of Michigan School of Law.

Tim Heafner
Tim Heafner is an experienced litigator who represents a broad
range of "A-List" clients in the sports and entertainment
industries, from major motion picture studios and media
conglomerates to boxing promoters and superstar athletes. With his
vast industry knowledge and experience, Mr. Heafner helps clients
solve their most vexing and consequential legal problems, including
in a wide variety of contract and copyright matters. He is a
leading authority in "profit participation" litigation and a go-to
advisor to studio clients in managing and resolving talent audit
claims, licensing, and content valuation issues. Mr. Heafner earned
his law degree magna cum laude from Loyola Law School and served as
an editor of the Loyola of Los Angeles Law Review.

Mattie Hutton
Mattie Hutton has broad experience defending clients in complex
litigation in courts across the country. A veteran of high-profile
product liability cases, mass torts- including federal and state
coordinated proceedings-and consumer class actions, Hutton recently
helped lead O'Melveny's defense of Johnson & Johnson in opioids
litigation in several states. She regularly advises clients in both
litigation and investigations brought by increasingly active State
Attorneys General, and has defended the firm's clients against AG
claims at trial. And as part of her extensive pro bono practice,
Hutton is an accomplished immigration rights and prisoner rights
advocate. In 2020, she received the firm's Warren Christopher
Values Award -- O'Melveny's most prestigious honor -- in
recognition of exceptional client service, distinctive leadership,
and superior citizenship. Ms. Hutton earned her law degree cum
laude from Georgetown University Law Center, where she was
Administrative Editor of the American Criminal Law Review.

Matthew Kremer
Matthew Kremer represents debtors, creditors, municipalities,
financial advisors, and investment funds in complex financial
restructuring matters. Mr. Kremer has played a key role in many of
the Restructuring Group's highest-profile matters, including the
multi-faceted five-year restructuring of the Government of Puerto
Rico's more than US$72 billion debt. His extensive experience in
interdisciplinary areas includes corporate finance and governance,
M&A, and litigation. Mr.  Kremer has a robust pro bono practice
focused on immigrants gaining admission to the US after fleeing
abusive or life-threatening situations. He is a magna cum laude
graduate of Brooklyn Law School, where he received the American
Bankruptcy Institute Medal of Excellence.

Mark Liang
Named a "Rising Star" by Managing IP for three years running and a
noted patent litigation practitioner in the Legal 500, Mark Liang
has guided Google, Samsung, and other household-name technology
companies in their largest and most contentious patent litigation
matters. Liang has played an important role in many of the firm's
most significant IP&T trials, both in federal courts and before the
International Trade Commission, and he is equally skilled in
leading inter partes review proceedings. Mr. Liang's degree in
Electrical Engineering positions him to take on the most
technically challenging cases across a broad range of fields,
including telecommunications, internet, hardware, electronics,
displays, and semiconductors, among others. Mr. Liang obtained his
law degree with honors from the University of Chicago Law School,
and his Electrical Engineering degree with high distinction from
the University of Toronto.

Deanna Rice
Deanna Rice is a skilled advocate in the burgeoning area of ERISA
litigation, with a well-recognized command of complex and
high-stakes ERISA fiduciary breach actions. Recommended by The
Legal 500 US for ERISA Litigation, Rice possesses first-rate
knowledge of the case law and regulations that embody ERISA's
fiduciary compliance structure, and has played a key role in
obtaining landmark decisions that continue to influence litigation
in the space. Also active in the firm's Supreme Court & Appellate
practice, she argued before the United States Supreme Court in
Overton v. U.S., a case involving the obligation of prosecutors to
disclose exculpatory evidence to the defense, and has authored
appellate briefs on a wide range of subjects. Ms. Rice obtained her
law degree cum laude from Harvard Law School, where she was a
member of the Harvard Law Review.

Esteban Rodriguez
Recommended by The Legal 500 US and recognized among the "Top
Lawyers Under 40" in the US by the Hispanic National Bar
Association, Esteban Rodriguez defends life sciences companies in
government investigations and complex, multi-jurisdictional matters
alleging product liability, false advertising, unfair competition,
and other consumer fraud claims. He has had leading roles on
multiple trial teams and helped build the foundation for
O'Melveny's successful defense of Johnson & Johnson in nationwide
litigation over its opioid medications. In 2019, Mr. Rodriguez
received O'Melveny's Warren Christopher Values Award. He earned his
law degree from Stanford University, and served as Senior Editor
for the Stanford Law & Policy Review and President of the Stanford
Latinx Law Students Association.

Amanda Santella
As one of O'Melveny's top False Claims Act (FCA) defense
specialists, Amanda Santella represents major health insurers, life
sciences companies, defense contractors, and other government
contractors in high-stakes FCA litigation. She is currently
managing the defense of a prominent US company in an FCA lawsuit
involving more than US$1 billion in alleged damages. Her notable
pro bono work includes representing Greg Jacob, O'Melveny partner
and former legal counsel to the Vice President, before the House
January 6 Committee. Ms. Santella was honored with O'Melveny's
Warren Christopher Values Award in 2022. She earned her law degree
magna cum laude from Georgetown University Law Center.

Maria von Schack
Maria von Schack is a strong leader whose capabilities span
national and global project development and finance work for both
conventional energy and public infrastructure facilities. She
excels at negotiating and directing investment and development
arrangements for multi-party, large-scale projects, including
complex debt financings, public-private partnerships, joint
ventures, and M&A transactions. Ms. Von Schack counsels private
investors, project sponsors, and financing institutions in the US
and globally. She received her law degree from Fordham University
School of Law, where she was a member of the Fordham Intellectual
Property, Media & Entertainment Law Journal.

Jillian Weinstein
As O'Melveny's Assistant General Counsel, Jillian Weinstein is
lawyer to the firm's lawyers and management, advising on a vast
array of matters, including client intake and conflicts; policy
development and compliance; data controls; and daily HR counseling.
Since 2020, Weinstein has also served as O'Melveny's de facto
public safety officer, helping the firm stay on top of shifting
COVID-19 public health and safety mandates. She previously
practiced as an O'Melveny litigator, representing public and
private companies in a variety of complex civil, employment, and
labor matters. In 2020, she received the firm's Warren Christopher
Values Award. Weinstein earned her law degree magna cum laude from
Southwestern Law School in Los Angeles.

                       About O'Melveny

O'Melveny is a global law firm with 18 offices, is home to a
talented team of more than 750 lawyers.



[^] BOOK REVIEW: PANIC ON WALL STREET
-------------------------------------
A History of America's Financial Disasters

Author:      Robert Sobel
Publisher:   Beard Books
Softcover:   469 Pages
List Price:  $34.95
Review by:   Gail Owens Hoelscher

"Mere anarchy is loosed upon the world, the blood-dimmed tide is
loosed, and everywhere the ceremony of innocence is drowned; the
best lack all conviction, while the worst are full of passionate
intensity."

What a terrific quote to find at the beginning of a book on a
financial catastrophe! First published in 1968. Panic on Wall
Street covers 12 of the most painful episodes in American financial
history between 1768 and 1962. Author Robert Sobel chose these
particular cases, among a dozen or so others, to demonstrate the
complexity and array of settings that have led to financial panics,
and to show that we can only make; the vaguest generalizations"
about financial panic as a phenomenon.  In his view, these 12 all
had a great impact on Americans of the time, "they were dramatic,
and drama is present in most important events in history." They had
been neglected by other fiancial historians. They are:

       William Duer Panic, 1792
       Crisis of Jacksonian Fiannces, 1837
       Western Blizzard, 1857
       Post-Civil War Panic, 1865-69
       Crisis of the Gilded Age, 1873
       Grant's Last Panic, 1884
       Grover Cleveland and the Ordeal of 183-95
       Northern Pacific Corner, 1901
       The Knickerbocker Trust Panic, 1907
       Europe Goes to War, 1914
       Great Crash, 1929
       Kennedy Slide, 1962

Sobel tells us there is no universally accepted definition if
financial panic. He quotes William Graham Sumner, who died long
before the Great Crash of 1929, describing a panic as "a wave of
emotion, apprehension, alarm. It is more or less irrational. It is
superinduced upon a crisis, which is real and inevitable, but it
exaggerates, conjures up possibilities, take away courage and
energy."

Sobel could find no "law of panics" which might allow us to predict
them, but notes their common characteristics. Most occur during
periods of optimism ("irrational exuberance?"). Most arise as
"moments of truth," after periods of self-deception, when players
not only suddenly recognize the magnitude of their problems, but
are also stunned at their inability to solve them. He also notes
that strong financial leaders may prove a mitigating factor, citing
Vanderbilt and J.P. Morgan.

Sobel concludes by saying that although financial panics have
proven as devastating in some ways as war, and while much research
has been carried out on war and its causes, little research has
been done on financial panics. Panics on Wall Street stands as a
solid foundation for later research on the topic.


                            *********

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Copyright 2022.  All rights reserved.  ISSN: 1520-9474.

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